Hello, nice price action setup following the overall downtrend. Price broke the trendline support and is testing it. I'm backtesting the new indicactors that could be very helpful, here you can find it:
We have "bear power" and candle close below the signal line.
SL above last highs.
Regards.
Comments
mkdeep04
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wxy or wxyxz to complete is up move
mkdeep04
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1220 area hold for high tgt 1500/1600 wxyxz or brkdown for 1.07xx... any view ??
mkdeep04
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IvanLabrie
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This one left me scratching my head too today haha. Luckily it was a break even stop, so only lost on fees.
Thoughts now?
FullTimeTrader
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I have bad experiences with indicators hahaha so far 2-0 failed setups, better i will continue with my other tested trading systems. The price action here is choppy, better i will stay aside until the structure is clear. There are great opportunities on ther pairs.
IvanLabrie
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I have the following theory:
#1 Priority: find market condition
#2 Apply strategies that I tested working for said condition
Regarding indicators, I like CCI(11) to help spot range extremes, and the 66 and 253 EMA for the daily + BB 21 as an extra.
I think your harmonic patterns should do great in this enviroment, EW is quite useless when dealing with extended corrections.
MILAD-FX-26
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HELLO MY FRIEND
YOUR A GOOD ANALYST.
MY AGREE WITH YOUR COMMENTS.
peter.kralmail
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This is entry of typical retail trader SL above last structure and short on first bearish candle. I curious how this will end, because this is what parket traders are looking for to get your stoplosses
We_Are_The_World
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Hi Man, Thank you so much for sharing!! Excellent !! I learn you trading long time, thank you for help me!! Very good idea!!
omw78ygthasoh
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Hi were would I go to source the indicator that you are trying out please