{quote} ...identify TWO BULL BARS then a BEAR bar for a SELL setup, the BEAR Bar's BODY, MUST engulf the 2nd BULL Bars Body. Once you have, do the following: 1) Place your H-Trendline in the middle of the two BULL BARS (on its first bar's close and 2nd bar's open). This is your ENTRY trigger as price comes back for a revisit. 2) Find the highest Wick out of all 3 bars - place a H-Trendline in there. This will act as your Breach Line. Then place your SL above there. 3) Find the most RECENT structural LOW for these sell setups... this will act as...
{quote} ... Please identify TWO BULL BARS then a BEAR bar for a SELL setup, the BEAR Bar's BODY, MUST engulf the 2nd BULL Bars Body. Once you have, do the following: 1) Place your H-Trendline in the middle of the two BULL BARS (on its first bar's close and 2nd bar's open). This is your ENTRY trigger as price comes back for a revisit. 2) Find the highest Wick out of all 3 bars - place a H-Trendline in there. This will act as your Breach Line. Then place your SL above there. 3) Find the most RECENT structural LOW for these sell setups... this will...
Once we have found / identified this area we are looking for a revisit back to that zone - it must revisit back to this zone in short order (come back reasonably quick) - if it takes far too long to come back to that area it's generally best to ignore the setup.
{quote} @MrGreen95 Hello Sir, thanks for your suggestion. Not a bad idea. However, the more charts you have open and more algo sets running in the background has a tendency to slow ones PC down of much needed resources. I would suggest to run a search on this forum a for a trendline alert indicator - Once you find the setup in question, add a H-trendline and mark it / label it "sell" or "buy" and as price reaches that trigger level, you will be alerted. I have a similar one, but my script hides my order from the Brokersand auto trail steps...
What we are looking for is an area where price has accumulated orders. Essentially were price was not really making any significant highs or lows - basically going sideways from a standing view point.
Once we have found / identified this area we are looking for a revisit back to that zone - it must revisit back to this zone in short order (come back reasonably quick) - if it takes far too long to come back to that area it's generally best to ignore the setup.
Thank you for posting this idea. Could you please explain a little bit more in detail, what should happen before the candlestick pattern? In the main post you wrote: {quote} But then in some graphics, you pointed out the candlestick pattern with no previous price accumulation. For example - the last two graphics in the main post ( EURUSD, M15 and EURUSD, M30). Thank you in advance!
Hello FXCyborg, just subscribed to your thread , hope to learn your trading method, thanks,
