Trading Price Setups

We had lots of discussion pertaining technical trading, some do pattern plays, some works with the indicators while others rely on PA in bar/candle forms. There are so many profitable traders out here and i'm thinking, lets share how we play our trade setups. The display suggestions are:

1. Name ur setup.
2. Place our charts.
3. Show where and how you stream your entries. If you are a news trader, indicate when the news was released, how you play the spike, and don't kid us abt the spread.
4. Indicate where you would place your stops.

From there on we'll engage some discussions on win ration R:R ratio etc etc. Hopefully we'll gather enough setups here to make a book lol.

PS: Is this working a risk of becoming a systems thread? I really hope not, coz the goal here is to collate where traders take their high probabilty trades and engage a healthy discussion abt their trade setups.

So i'll begin with mine. One setup that i will take a good look at is a simple correction play. I personally feel that this swing setup has alot of R:R potential, and i guess this setup is used by many traders as well.

I'll just call it the 'correction plays'.
On the charts, i use an MA as a trendsetter and take the price correction towards the MA as a buying/selling oppurtunity depending on the swing trend.

Stops are usually placed below the candles low.

regards
jest

Trading At Work Huh :

bah...im bored...daily moves slowly, but profitably! lol
anyway...since ur a DOM trader...i'd like to see some examples here.

one of my used setups , the famous 123

I using it in any TF

1.Name: 123
2.charts attached
3.Entry on the breakout of the 2 point, or when the retrace after it is over
4.SL under the 3 point
the stars for add

Great thread as usual jest

how?

when there's a thick volume...i call that support/resistance that's all LoL

hey, theres surely a way to describe ur setups. I thought fx volumes are not good indicators? Have you found something substantial?

I love that 123 setup... Now the question is... where's the exit ? :-)

A good target would be the same amount of pips from point 1 to 2, though there are many other options as well

two ways :fib expansion, or trailing

if you see the DOM long enough there's a game being played there...as for me,identify the long term trend and play with the DOM with a bull/bear mindset...

when there's a gap,play with the spread etc...you know inactive market hours

Nice thread, nice setups, especially 123