DIR Return Create A Forum - Home
---------------------------------------------------------
Forex Trading Opportunities
HTML https://forextradingopportunities.createaforum.com
---------------------------------------------------------
*****************************************************
DIR Return to: Forex Opportunities
*****************************************************
#Post#: 47--------------------------------------------------
Re: Post Your Opportunities Here
By: Jamie Date: February 11, 2021, 1:10 pm
---------------------------------------------------------
Ahh ok Tyrone. I thought because the 1H candle hadn't closed
below the trendline that the set up was valid with your strategy
for some reason. Thanks again!
#Post#: 48--------------------------------------------------
Re: Post Your Opportunities Here
By: Jamie Date: February 12, 2021, 12:31 am
---------------------------------------------------------
This is very similar to USDCHF earlier in the week but this time
there is a 1 hour trend line break so a possible sell limit
entry for double top near the extreme.
#Post#: 49--------------------------------------------------
Re: Post Your Opportunities Here
By: Jamie Date: February 12, 2021, 12:37 am
---------------------------------------------------------
Here is the 1H. If its valid to your strategy and I was to place
a sell limit at the extreme am I right in thinking it would
need to be cancelled if price made a lower low on the 1H before
hand? There is a high pip target of well over a hundred pips for
a 10 pip stop on this trade
#Post#: 50--------------------------------------------------
Re: Post Your Opportunities Here
By: AshF Date: February 12, 2021, 2:18 am
---------------------------------------------------------
8 hour DB set up on EURGBP. Is this something you'd consider
Tyrone?
#Post#: 51--------------------------------------------------
Re: Post Your Opportunities Here
By: AshF Date: February 12, 2021, 2:20 am
---------------------------------------------------------
Potential 4 hour ABE set and forget sell set up on USDJPY. Would
it be better to wait for confirmation on this?
#Post#: 52--------------------------------------------------
Re: Post Your Opportunities Here
By: AshF Date: February 12, 2021, 4:26 am
---------------------------------------------------------
Potential 4 hour DT on AUDUSD?
#Post#: 53--------------------------------------------------
Re: Post Your Opportunities Here
By: TyroneArcher Date: February 12, 2021, 4:28 am
---------------------------------------------------------
[quote author=Jamie link=topic=6.msg47#msg47 date=1613070605]
Ahh ok Tyrone. I thought because the 1H candle hadn't closed
below the trendline that the set up was valid with your strategy
for some reason. Thanks again!
[/quote]
No you are right but...it will depend on quality of level below
trend line on HTF also I tend to find the higher the time frame
the more chance of a fake out. So if this was a Daily and 60min
combo and the 60 produces a double bottom the probabilities are
better and so is the profit margin. It's the intraday time
frames that are not as probable as the Daily/Weekl/Monthly TFs.
I will talk about this in next video.
#Post#: 54--------------------------------------------------
Re: Post Your Opportunities Here
By: TyroneArcher Date: February 12, 2021, 4:34 am
---------------------------------------------------------
[quote author=Jamie link=topic=6.msg49#msg49 date=1613111842]
Here is the 1H. If its valid to your strategy and I was to place
a sell limit at the extreme am I right in thinking it would
need to be cancelled if price made a lower low on the 1H before
hand? There is a high pip target of well over a hundred pips for
a 10 pip stop on this trade
[/quote]
The Daily is just purely a level with no trend line ABE.in fact
its really a Daily Double bottom setup. Yes price can bounce
from your Daily level but its not a setup for me. The 60 min has
produced an ABE pattern so if I was to trade this I would look
for profit margin purely on the 60 min. If your strategy says go
for the daily low then if you get in, manage it down to Daily
low but this is not an opportunity as I see it. Good stuff
though. I've got great ideas for next video.
#Post#: 55--------------------------------------------------
Re: Post Your Opportunities Here
By: TyroneArcher Date: February 12, 2021, 4:38 am
---------------------------------------------------------
[quote author=AshF link=topic=6.msg50#msg50 date=1613117905]
8 hour DB set up on EURGBP. Is this something you'd consider
Tyrone?
[/quote]
Not for me as I look for the very low pivot and bounce around
time frames to see if this is a quality DB. You have placed the
level on an ABE area if you think about it. This is how I would
play it so watch to see if the ABE trend line is broken. If so I
wouldn't trade it. I will also talk about this in next video.
#Post#: 56--------------------------------------------------
Re: Post Your Opportunities Here
By: TyroneArcher Date: February 12, 2021, 4:41 am
---------------------------------------------------------
[quote author=AshF link=topic=6.msg51#msg51 date=1613118007]
Potential 4 hour ABE set and forget sell set up on USDJPY. Would
it be better to wait for confirmation on this?
[/quote]
Yes this looks good. This can be a limit sell because the supply
level on the HTF is a Fresh & Original level. Also lower uptrend
ABE is a confirmation.
*****************************************************
DIR Previous Page
DIR Next Page