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  • Jnr Trader
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Re: Post Your Opportunities Here
« Reply #15 on: February 09, 2021, 06:29:07 am »
EURUSD 4h ABE pattern. Going to look for confirmation for this trade
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Re: Post Your Opportunities Here
« Reply #16 on: February 09, 2021, 08:38:39 am »
Hi guys, first post here. Thanks for creating this forum Tyrone. Here's an image of the EURUSD ABE set up. I've seen a 15 minute confirmation.
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Re: Post Your Opportunities Here
« Reply #17 on: February 09, 2021, 01:32:46 pm »
Looks like it blew straight through this one. Ah well, onto the next.
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Re: Post Your Opportunities Here
« Reply #18 on: February 09, 2021, 04:49:05 pm »
Nice analysis though. I find that lower time frame levels that are created the other side of the Higher time frame ABE are not as reliable but still worth the risk of 1%.
Thanks for posting the setup.
I will make an analysis video soon to go through these setups.
Keep it up.
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Re: Post Your Opportunities Here
« Reply #19 on: February 09, 2021, 04:56:48 pm »
I also saw a 1 hour/4 hour ABE set up on AUDUSD with 5 minute confirmation. I didn't take it as I saw it after the fact. Stop would be moved to break even if in trade though.
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Re: Post Your Opportunities Here
« Reply #20 on: February 10, 2021, 06:08:07 am »
I have just entered a long position for around 5R. Its an ABE on USDCHF.  5 pip stop with 25 target. There is a strong 15m supply zone confluence while price has met the trend line. The target is a swing high on the 1H chart as I don't feel price will bounce so far because of dollar weakness across the board.

Stopped out!
« Last Edit: February 10, 2021, 05:51:51 pm by Jamie »
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Re: Post Your Opportunities Here
« Reply #21 on: February 10, 2021, 01:33:00 pm »
1 hour ABE setup with 15 min confirmation.
5:1 R:R
Since seeing opportunity it's already hit target without a pullback so no trade this time.
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Re: Post Your Opportunities Here
« Reply #22 on: February 10, 2021, 06:05:32 pm »
Quote from: Jamie on February 10, 2021, 06:08:07 am
I have just entered a long position for around 5R. Its an ABE on USDCHF.  5 pip stop with 25 target. There is a strong 15m supply zone confluence while price has met the trend line. The target is a swing high on the 1H chart as I don't feel price will bounce so far because of dollar weakness across the board.

Stopped out!

The 15 Min level was fresh but not an original level so I wanted price to bounce from here ideally breaking the 60 Min down trend line. I had an aggressive 15 Min trend line break & placed an order to buy which did not get activated due to the increase in spread during market 5 min close & reopen. I waited for spread to settle before placing an 8 pip buy limit. I was stopped out during the night. Ceased trading. Note to self: If not looking clean then wait for 60 Min Trend Line break as confirmation for a 60 Min Double Bottom. This could save more losses over time.
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Re: Post Your Opportunities Here
« Reply #23 on: February 10, 2021, 06:07:51 pm »
Quote from: AshF on February 10, 2021, 01:33:00 pm
1 hour ABE setup with 15 min confirmation.
5:1 R:R
Since seeing opportunity it's already hit target without a pullback so no trade this time.

Very nice setup. Shame price didn't retrace for entry. Needs to be cancelled now due to price already reaching Target area.
Great analysis.
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Re: Post Your Opportunities Here
« Reply #24 on: February 10, 2021, 06:16:23 pm »
There is a Daily supply level with USDCHF. The zone doesn't look so great but price has come back in mirror fashion and there is a fresh 15m supply there. Just wanted to see what you think?
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Re: Post Your Opportunities Here
« Reply #25 on: February 10, 2021, 06:41:33 pm »
This is a good Daily Demand touching Weekly RBR Demand. Its a very aggressive 15 Min Level and its not original so I would never buy from a lower time frame counter trend level unless its at a Higher time frame trend line touch or extreme of HTF level.
What I do is wait for the 60 Min Trend line to be broken then a pull back to 60 Min DB Demand. I will talk about this in todays analysis video. Just about to make it now.
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Re: Post Your Opportunities Here
« Reply #26 on: February 11, 2021, 05:00:23 pm »
An ABE set up almost in play with NZDUSD. Going to wait for a lower TF confirmation.
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Re: Post Your Opportunities Here
« Reply #27 on: February 11, 2021, 05:56:48 pm »
I entered this with a one minute confirmation entry. I was a touch to late so I entered one pip higher than the zone but I still have a 5 to 1 RR. Entry 0.7225 4 pip stop and 20 pip target which is the highest close from the swing on the 1 hour chart which I forgot to place.

Stopped out
« Last Edit: February 11, 2021, 06:13:44 pm by Jamie »
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Re: Post Your Opportunities Here
« Reply #28 on: February 11, 2021, 06:29:12 pm »
Going to give this trade another go as there is now a 5 minute confirmation entry. This time I have placed a buy limit.
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Re: Post Your Opportunities Here
« Reply #29 on: February 11, 2021, 06:50:47 pm »
You were right about the Higher Time Frame ABE - Spot on. The lower time frame confirmation happened after the trend line break so really you want this to happen bouncing off the trend line or ideally just before so that when price retraces back to your lower time frame level, you are bouncing off the trend line. If higher time frame is a Daily, Weekly, Monthly & the lower time frame was a 15, 30 or 60 min chart then the odds maybe worth the gamble because of the reward to risk but if price spikes through trend line and closes the wrong side of the trend line then its a no go for sure.
Its frustrating I know but quality over quantity. Your on the right path. I actually took a GBPUSD long last night but didn't have time to post so I did not want to put this on the facebook after the fact or on the trading log as a winner. I will only put the winners on trades setups I place before the fact to give confidence to those that follow.
But here is the GBPUSD trade so you can see the difference in being patient for the right setup. FOMO (Fear of missing out) is the hardest part of trading especially when you want to try something new out. instead we take too many medium quality trades which add the losses up quickly. It's hard enough to become profitable even with high quality setups but this limits your losses.
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