Bloodhound
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Set-ups
A couple of people have asked what set-ups I use so I've dug these out from my trading journal along with some notes I wrote at the time. There's absolutely nothing special about them at all, and definitely no hidden secrets. As far as I am aware they should work on any timeframe and in any market.
"Here are my main set-ups. They are all M5 and happen day in day out. Some work and some don't - it's how I manage them once triggered which dictates if I can become a consistently profitable trader.
I try, as much as possible, not to refer to these with names as I believe that giving a chart pattern a name might make me start to believe that a pattern 'must' work because it's called an inverse shampoo or whatever. I generally just focus on the levels and preceding price action - HrH's etc.
Candle colours and shapes are irrelevant - the only time I think about them is when spikes through levels occur and then I only think about minus development, price acceptance and rejection in relation to time."
A couple of people have asked what set-ups I use so I've dug these out from my trading journal along with some notes I wrote at the time. There's absolutely nothing special about them at all, and definitely no hidden secrets. As far as I am aware they should work on any timeframe and in any market.
"Here are my main set-ups. They are all M5 and happen day in day out. Some work and some don't - it's how I manage them once triggered which dictates if I can become a consistently profitable trader.
I try, as much as possible, not to refer to these with names as I believe that giving a chart pattern a name might make me start to believe that a pattern 'must' work because it's called an inverse shampoo or whatever. I generally just focus on the levels and preceding price action - HrH's etc.
Candle colours and shapes are irrelevant - the only time I think about them is when spikes through levels occur and then I only think about minus development, price acceptance and rejection in relation to time."