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  • Jnr Trader
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Re: Post Your Opportunities Here
« Reply #30 on: February 11, 2021, 07:10:05 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!
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Re: Post Your Opportunities Here
« Reply #31 on: February 12, 2021, 06:31:38 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.
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Re: Post Your Opportunities Here
« Reply #32 on: February 12, 2021, 06:37:22 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
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Re: Post Your Opportunities Here
« Reply #33 on: February 12, 2021, 08:18:25 am »
8 hour DB set up on EURGBP. Is this something you'd consider Tyrone?
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Re: Post Your Opportunities Here
« Reply #34 on: February 12, 2021, 08:20:07 am »
Potential 4 hour ABE set and forget sell set up on USDJPY. Would it be better to wait for confirmation on this?
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Re: Post Your Opportunities Here
« Reply #35 on: February 12, 2021, 10:26:27 am »
Potential 4 hour DT on AUDUSD?
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Re: Post Your Opportunities Here
« Reply #36 on: February 12, 2021, 10:28:14 am »
Quote from: Jamie on February 11, 2021, 07:10:05 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!
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.
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Re: Post Your Opportunities Here
« Reply #37 on: February 12, 2021, 10:34:21 am »
Quote from: Jamie on February 12, 2021, 06:37:22 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
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.
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Re: Post Your Opportunities Here
« Reply #38 on: February 12, 2021, 10:38:09 am »
Quote from: AshF on February 12, 2021, 08:18:25 am
8 hour DB set up on EURGBP. Is this something you'd consider Tyrone?
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.
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Re: Post Your Opportunities Here
« Reply #39 on: February 12, 2021, 10:41:02 am »
Quote from: AshF on February 12, 2021, 08:20:07 am
Potential 4 hour ABE set and forget sell set up on USDJPY. Would it be better to wait for confirmation on this?
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.
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Re: Post Your Opportunities Here
« Reply #40 on: February 12, 2021, 08:07:53 pm »
USDCAD Two Buy Limit Orders - Both DB setups.
One - 240
2nd - Daily
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Re: Post Your Opportunities Here
« Reply #41 on: February 12, 2021, 08:14:56 pm »
USDJPY Still in play.
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Re: Post Your Opportunities Here
« Reply #42 on: February 12, 2021, 08:56:07 pm »
USDCHF Two Sell Limit Setups.
1 - Daily DT (Huge RR)
2 - 240/60 ABE ( Just over 5 to 1) plus there is a 60 Min DT inside 240 DBD Limit area, which is a confirmation due to waiting to time with trend line touch and to reduce Risk pip size.
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