https://www.tradingview.com/x/60UmhjP4
It is on the reversal that you enter and only if there is a trend.
The idea doesnt matter what time frame you trade in. So it is universal. Doesn't matter what instrument it is. Do what you feel is good for you.
And as my Christmas gift to all.
It is not enough that you see a higher high followed by lower high, it must be after a change of character to get the best out of it.
Risk small, add positions, and most importantly. Wait.
Questions.
Why don't people use this model?
Because it requires time to happen. And some can't wait for a choch. How to remedy that? Look at 1 min. There will be setups.
Why is it different from what is taught? Well it isn't 50% different. The only difference is, you must wait for a choch and a bos in the direction of the choch to happen before you enter. Some don't wait. So they get trapped when a choch happens.
Why not use multiple time frames with this model? Who says you can't? This model is the basic of basics and can easily be added to your method or just stick with this one method.
Why not use smc or ict or candle formations? Why not? Bos and choch can easily be represented by the engulfing candles. Entries can be done using an fvg. Or upongl retrace of price back to the base of a strong A to B move.
What if you only want to focus on this one model what is your cue?
You can visual and enter after the bos confirmation a small bar in the direction of the true trend.
Why use news? You should, especially after news goes out. It will go against the true direction and that is the best time to find a choch and bos and then enter Conservatively.
What if there is no red news? No trade.
My model works best after news. Especially AFTER red news.
It is on the reversal that you enter and only if there is a trend.
The idea doesnt matter what time frame you trade in. So it is universal. Doesn't matter what instrument it is. Do what you feel is good for you.
And as my Christmas gift to all.
It is not enough that you see a higher high followed by lower high, it must be after a change of character to get the best out of it.
Risk small, add positions, and most importantly. Wait.
Questions.
Why don't people use this model?
Because it requires time to happen. And some can't wait for a choch. How to remedy that? Look at 1 min. There will be setups.
Why is it different from what is taught? Well it isn't 50% different. The only difference is, you must wait for a choch and a bos in the direction of the choch to happen before you enter. Some don't wait. So they get trapped when a choch happens.
Why not use multiple time frames with this model? Who says you can't? This model is the basic of basics and can easily be added to your method or just stick with this one method.
Why not use smc or ict or candle formations? Why not? Bos and choch can easily be represented by the engulfing candles. Entries can be done using an fvg. Or upongl retrace of price back to the base of a strong A to B move.
What if you only want to focus on this one model what is your cue?
You can visual and enter after the bos confirmation a small bar in the direction of the true trend.
Why use news? You should, especially after news goes out. It will go against the true direction and that is the best time to find a choch and bos and then enter Conservatively.
What if there is no red news? No trade.
My model works best after news. Especially AFTER red news.
Attached Image (click to enlarge)
Trading is gambling. So gamble responsibly.
