Leoheart wrote:PTG wrote:Cheers Mira and Mr. Hyde.
Overnight there would have been a solid entry short during the Asian session; see white horizontal line around 147.70.
Starting a little after 0600 GMT there was another entry long, screen shots below. Multi-day low, weekly low, Dragon line rejected slightly above BRN (which might have been tested but wasn't). Entry wasn't invalidated after the European open (0700-0800 GMT) and sped up after the London open (0900 GMT). And then it went ballistic
PTG, I love how you show the setup in segments. So simple even a cave man can see it. Awesome stuff. If you took that trade, congrats to ya. Keep em coming!
Not like this every day.
Dragon33 inspired (or should I say copied ?). I keep coming back to it for several reasons.
Look for multiple day extremes, or weekly even.
The extreme has to stay in place, so a close below should say enough (get out..). Many times you can wait until the next hour has passed to see what happens.
Trade with H1 color and preferably H4 color. Use RAT or some HOLO on a certain time frame or whatever else makes sense and make sure your trade doesn't close below a line in the sand.
I'll post examples of trades where it doesn't work when they happen.