kept a bit quite today on the forum....I was focusing on trading...made 4 trades 2 wins, my wins have better RR, mostly 1:2.
This is my last trade:
1) final flag (flags are good to trade, mostly fail)
2) first entry of the new low.(not taken)
4 bars before my entry @ 3(also a second entry) a pin bar poke the top box of the range (defined by 3 bars) but closed well below the top barrier box making a tease, the following two bars had both the high matching the pin bar high defining a possible advance range set up, the bar before the entry a doji or pause, the entry bar was a trend bar, I went in one pip above it.
Notice how the average is gently pushing the price up out of the barrier like a squeeze, a double pressure was in place, my TP (10 risking 5) was reached quickly (not any black bars).
This is my last trade:
1) final flag (flags are good to trade, mostly fail)
2) first entry of the new low.(not taken)
4 bars before my entry @ 3(also a second entry) a pin bar poke the top box of the range (defined by 3 bars) but closed well below the top barrier box making a tease, the following two bars had both the high matching the pin bar high defining a possible advance range set up, the bar before the entry a doji or pause, the entry bar was a trend bar, I went in one pip above it.
Notice how the average is gently pushing the price up out of the barrier like a squeeze, a double pressure was in place, my TP (10 risking 5) was reached quickly (not any black bars).
Attachments
Last edited:
be-positive
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if you want a laugh go to the other thread post 35304 I remember over 12 yrs a go a trader who was trading one of my accounts
if you want a laugh go to the other thread post 35304 I remember over 12 yrs a go a trader who was trading one of my accounts
lol
Your post made me laugh yesterday, the one about him and the sandwich ....
sl to be
closed +6
chart
Attachments
A clear BOPB (break out pull back)
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a box can be wrapped around, there is a battle going on here, taking the other side of the trapped one would be a way, every bar need to be view, is it making HH's and HL's into the range or the opposite?
a slow break with the average squeezing the prices out of the box either way is considered a good break, but not always, if it breaks strongly we let it go, it can PB and a BOPB can be traded, if it does not PB, it does not matter, we look for another setup....
a slow break with the average squeezing the prices out of the box either way is considered a good break, but not always, if it breaks strongly we let it go, it can PB and a BOPB can be traded, if it does not PB, it does not matter, we look for another setup....
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slow closed BE
and a final flag? break time..
