Zone created with 1st retest.
wise man say, only fools rush in
- #143
- Edited Jan 20, 2023 8:33am Jan 19, 2023 11:31pm | Edited Jan 20, 2023 8:33am
BREAKOUT
Breakout is a movement action from price.
This movement act as liquidity search from base to base.
A base usually full with high liquidity but low volatility as we can see on chart,
while breakout is low liquidity but high volatility.
An action of breakout viewed when price break high or low and closed with body
above or below shadow from previous bar/cs.
It is called Body Break Shadow situation usually called Engulfing.
Simply viewed on chart. A breakout of support or resistance telling that price tend
to move higher or lower from previous level in seeking liquidity.
The breakout also creates 4 types of SND that is:
DBD - Drop Base Drop
RBR - Rally Base Rally
RBD - rally Base Drop
BDR - Drop Base Rally
However, how to choose the useful SND is up to own discretion.
Example below the useful of above information on chart :
Breakout is a movement action from price.
This movement act as liquidity search from base to base.
A base usually full with high liquidity but low volatility as we can see on chart,
while breakout is low liquidity but high volatility.
An action of breakout viewed when price break high or low and closed with body
above or below shadow from previous bar/cs.
It is called Body Break Shadow situation usually called Engulfing.
Simply viewed on chart. A breakout of support or resistance telling that price tend
to move higher or lower from previous level in seeking liquidity.
The breakout also creates 4 types of SND that is:
DBD - Drop Base Drop
RBR - Rally Base Rally
RBD - rally Base Drop
BDR - Drop Base Rally
However, how to choose the useful SND is up to own discretion.
Example below the useful of above information on chart :
wise man say, only fools rush in
- #148
- Jan 20, 2023 5:50pm Jan 20, 2023 5:50pm
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,480 Posts
WoooWWW !!!!
I am really amazed by the simplicity yet heavyweight contents of the thread. It is really a sweet treat to anyone's trading journey. Thank you so much for sharing.
I am really amazed by the simplicity yet heavyweight contents of the thread. It is really a sweet treat to anyone's trading journey. Thank you so much for sharing.
Success = Practice + Patience + Persistence
- #149
- Jan 21, 2023 5:39am Jan 21, 2023 5:39am
WoooWWW !!!! I am really amazed by the simplicity yet heavyweight contents of the thread. It is really a sweet treat to anyone's trading journey. Thank you so much for sharing.
Happy new year
wise man say, only fools rush in
- #150
- Jan 21, 2023 7:55am Jan 21, 2023 7:55am
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,480 Posts
{quote} Wish you always success with your trade. Happy new year
Success = Practice + Patience + Persistence
- #151
- Jan 22, 2023 11:02pm Jan 22, 2023 11:02pm
Type Of Support
1) Support itself
2) Resistance Become Support (RBS)
3) Potential RBS
We can pay attention to the retest of those level.
Those are a good level for buy entry position,
1) Support itself
2) Resistance Become Support (RBS)
3) Potential RBS
We can pay attention to the retest of those level.
Those are a good level for buy entry position,
wise man say, only fools rush in
- #152
- Jan 25, 2023 7:18am Jan 25, 2023 7:18am
After a breakout , identify a potential RBS or SBR.
Wait for the 1st retest, this retest will confirmed either it was a role reversal or otherwise it will just ignore.
The entry is on 2nd retest that will be good for buy or sell after confirmation on 1st retest.
Target for CSR 100 is 100 pips or a resistance for buy & support for sell position.
Trade with trends, just follow the rules.
Wait for the 1st retest, this retest will confirmed either it was a role reversal or otherwise it will just ignore.
The entry is on 2nd retest that will be good for buy or sell after confirmation on 1st retest.
Target for CSR 100 is 100 pips or a resistance for buy & support for sell position.
Trade with trends, just follow the rules.
wise man say, only fools rush in
- #153
- Jan 25, 2023 7:37am Jan 25, 2023 7:37am
THE ZONE
A zone created by price usually because the movement between last swing low or high with 1st retest
Example below is A is the last swing low that is support level been break by price, while B is the 1st retest after the breakout.
It's create a zone called SBR or RBS zone or mayble called flip. Within the zone, entry can be execute.
I prefer first & 2nd level.
A zone created by price usually because the movement between last swing low or high with 1st retest
Example below is A is the last swing low that is support level been break by price, while B is the 1st retest after the breakout.
It's create a zone called SBR or RBS zone or mayble called flip. Within the zone, entry can be execute.
I prefer first & 2nd level.
wise man say, only fools rush in
- #155
- Jan 26, 2023 6:41am Jan 26, 2023 6:41am
ZOOM IN
Others may called top down analysis or etc.
Zoom in from higher TF to lower TF are useful in making a decision.
At least just do it once a day in particular pairs as an activity to seek for current situation.
Charts below explained :
Others may called top down analysis or etc.
Zoom in from higher TF to lower TF are useful in making a decision.
At least just do it once a day in particular pairs as an activity to seek for current situation.
Charts below explained :
wise man say, only fools rush in
