Yes, even lower time frame like M5 is actually unstable! You can try more time frames like H4/D1.Originally Posted by ;
Yes, even lower time frame like M5 is actually unstable! You can try more time frames like H4/D1.Originally Posted by ;
My opinion egy that I use was similar to your egy.Originally Posted by ;
But I did not rely upon candlestick pattern if using lower TF (H4 below).
What I'm looking mostly on installment confirmation of the setup.
With these variables, automatically I can alloe stoploss, entry goal degree.
This allow me to trade in a fantastic Risk:Reward.
Entry is your expected level of LH or HL following the fracture of certain degree.
On your preceding chart I have draw a level of my egy:
This is the only entrance using the egy:
Hopes my view helps and yes, im a pullback trader
Let's see if I can help here. Try considering trading utilizing principles as opposed to rules.Originally Posted by ;
Rules indie that if A happens then B always follows. Basics simply state that if A happens then B may follow and quite often does.
The market doesn't respond the same way day after day. That is due to the fact that the market reacts to the actions of the traders watching your currency pair at any given time. While this blend changes, so will the market change.
Forget about certainty, that's similar to waiting for the ideal trade to appear. If you do this, you will miss it.
It looks like you need to build yourself some directional and strength egy based on a much longer time frame.
You state these setups are infrequent. However, if they're profitable, then that's what you need to focus on. young grasshopper.
Stay from the market till you see these rare occurrences. Then trade until that event disappears.
Have you ever wondered why a really good day is rarely followed by another good day. That is because the smart money has obtained their profits and are remaining on the sidelines till another rare opportunity seems. Meanwhile people who have lost money are licking their wounds and remaining on the side lines wondering what went wrong.
Cheers, H
Hello Freakout,Originally Posted by ;
Posted the chart,under, in another thread but it is pertinent to what you're doing.
Hope it helps...
Take notice of what Batus Post #14 is saying
Please note that the LOW the LL on the chart will be lesser thanOriginally Posted by ;
Thanks.
I see article 14 - 5 minutes is too tough I reckon
Hi freakout, if you noticed that this thread, check it. Seems good to you.
https://forexintuitive.com/cryptocur...plattform.html
Alright, loe a price action bar ( looks like you already understand what they are). Wait around for a bar to close beneath the high or low, which is the verifiion window, or signal bar. The final bar is the follow through bar, take a position once the high or low of the confirmation bar is broken. Don't wait for a close, it'll be clear who's in control by the rest of the verifiion window. Set a disaster stop at three SD above or below volatility of the time period of your own choice. This stop should never be hit, btw, it's a black swan stop and price should reverse well before that if the trade doesn't have legs.Originally Posted by ;
”Nearly perfect egy” eh? So the Holy Grail might exist? Chase the in the end of the