Attachments: EURUSD & GOLD

EURUSD & GOLD

#881
Jun 20, 2025 7:50am Jun 20, 2025 7:50am

Bakker
Joined Jun 2011 | Status: Trader | 15,483 Posts | Online Now

One last thing you will notice; this Peak/Valley "system" goes hand-in-hand with the Two-Bend "system" explained several times before. The second bend coincides with point of entry.

#882
Jun 20, 2025 7:52am Jun 20, 2025 7:52am

M31
Joined Apr 2024 | Status: Long term absence | 688 Posts

Quoting Bakker

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Talk again Monday, wonderful weekend to you all. Bye

Ignored

Have a good weekend, (pick this up Monday), do you only trade from 4 hr and is the blue / yellow a sma of open close?

#883
Jun 20, 2025 8:21am Jun 20, 2025 8:21am

Bakker
Joined Jun 2011 | Status: Trader | 15,483 Posts | Online Now

Quoting M31

Disliked

{quote} Have a good weekend, (pick this up Monday), do you only trade from 4 hr and is the blue / yellow a sma of open close?

Ignored

H1 is also a good candidate; yellow and blue both exponential, yellow close and blue open (period 1). I missed a point, will discuss it Monday.

#884
Jun 20, 2025 8:22am Jun 20, 2025 8:22am

PatienceFx
Joined Jun 2013 | Status: enjoying life | 23,869 Posts

Attached Image (click to enlarge)

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#885
Jun 21, 2025 6:24am Jun 21, 2025 6:24am

Bakker
Joined Jun 2011 | Status: Trader | 15,483 Posts | Online Now

Quoting Bakker

Disliked

{quote} H1 is also a good candidate; yellow and blue both exponential, yellow close and blue open (period 1). I missed a point, will discuss it Monday.

Ignored

Good day guys; I know I've said I will discuss the missing point on Monday but as I have some time on hand, I can just as well start explaining today. This is a VERY IMPORTANT point and you should make a BIG note of this. Will do it later to allow for more traders to come on board.

#886
Jun 21, 2025 10:39am Jun 21, 2025 10:39am

Bakker
Joined Jun 2011 | Status: Trader | 15,483 Posts | Online Now

I actually want to say; let us make this real simple and easy to follow. First of all, forget about the neckline story; all you need to do is to watch for the following setup where peaks or valleys occur (see chart). This occurs on all TFs and easy to identify, BUT there's a story that comes with it (later on that)

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The emphasis is ON THE SAME CANDLE.

#887
Jun 21, 2025 10:49am Jun 21, 2025 10:49am

Bakker
Joined Jun 2011 | Status: Trader | 15,483 Posts | Online Now

Quoting Bakker

Disliked

I actually want to say; let us make this real simple and easy to follow. First of all, forget about the neckline story; all you need to do is to watch for the following setup where peaks or valleys occur (see chart). This occurs on all TFs and easy to identify, BUT there's a story that comes with it (later on that) {image} The emphasis is ON THE SAME CANDLE.

Ignored

So what is the story that comes with it? As we all no, hindsight is a terrible thing; in this case its also true but there is a solution. What brought yellow down to the bottom of the candle? its the red candle and will only become clear when red is already pass the entry line. So what's the solution? Switch to H1 and this is what you would see:

Attached Image (click to enlarge)