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- steven21 replied Mar 4, 2019
I wonder if FXCyborg has any view on this situation here where the 2nd bar closes above Bar 1's close but below Bar 1's high, and Bar 1 has a healthy bullish body.
- steven21 replied Mar 3, 2019
Congrats! Though the setup requires 2nd bar to close above 1st bar...
- steven21 replied Mar 3, 2019
Like to ask FXCyborg If the 1st bar is a doji, but bar 2 and 3 are healthy bodies (in general, though this is the 2nd trade in the quoted image), would the setup still be valid? Thanks.
- steven21 replied Mar 3, 2019
Just mentioning that in the 2nd red box, the setup is not valid - 2nd bar did not close below 1st bar's low.
- steven21 replied Mar 3, 2019
Bar 3 is supposed to engulf bar 2 only, and not engulf bar 1. If Bar 3 engulfs bar 1 (making the setup invalid), all is not lost, you can zoom in within those 3 bars to a lower tf and re-look for a valid setup.
- steven21 replied Mar 3, 2019
To be 100% correct for sell setup, it should be "Calculate from the High of Bar (1) to Bar(2)'s low". Of course readers including me would not have noticed.
- steven21 replied Mar 2, 2019
Hi, I believe the entry line is bar 3's close, and the TP and SL are equidistant from the entry (max hi-lo range of bar 1 and 2 combined).
- steven21 replied Mar 2, 2019
I am guessing price did move down enough in the 4th bar (low of 1.1471) and came back to the entry line (1.1493) in the same bar. So wouldn't the entry be taken in the 4th bar? Thanks!
- steven21 replied Feb 28, 2019
This is the 2nd method in post 17 which isnt mentioned in detail yet. The buy setup is something else called the imbalance zone (not the 3 bar setup of the 1st method).
- steven21 replied Feb 28, 2019
Imo, the 2 rectangular areas of sideway bars to the left and top-left of the setup are acc.
- steven21 replied Feb 28, 2019
Easy to find using search: url
- steven21 replied Feb 28, 2019
EURUSD H1
- steven21 replied Feb 27, 2019
On the 1h, it looks like a downtrend to me, so imo sell is ok on the 5min...
- steven21 replied Feb 26, 2019
Hi FXCyborg, Thanks for sharing. For the wicks of the two setup bars, shld they ideally be at the top for sell setup, and bottom for buy setups? And is the wick ideally for the 2nd bar only, or both? Thanks.
- steven21 replied Feb 26, 2019
From what I have seen, even if the first 2 bar bodies are not of equal sizes and one is really small, is still ok (only not ideal). Engulfing only the 2nd bar is a strict rule though. If the first bar is engulfed (making the setup invalid), you have ...
- steven21 replied Feb 26, 2019
I think you can look at the green boxes and the zoomed in box in the pic as areas of interest to look for the setup. url
- steven21 replied Feb 25, 2019
I only remember OP mentioning that the 3 setup bars should not have gaps. I guess gaps elsewhere should not affect the setup validity.
- steven21 replied Feb 25, 2019
The reason is because he zoomed into a lower tf to find a setup within the higher tf setup. url url url url
- steven21 replied Feb 25, 2019
Bar 3 should only engulf bar 2. However if you are looking at a higher tf but Bar 3 engulfs Bar 1 (invalid setup), you can still go down the tf to find a valid setup. But since you are already on 1 min...
- steven21 replied Feb 24, 2019
Hi, fib retracement levels are the percentage retracement (reversing) of the original move. So if the original move is from low to high like in your pic, the larger retracement percentages shld be at the bottom.