I present one of the input signals for which I pay attention during my trading. It is quite popular in its basic version, so I decided to present it. I recall that it is part of a larger strategy and independent use of it, does not lead to miraculous results. You need also to consider exit signal. In this example, the H1 is traded timeframe, and the entry timeframe is M10. Currency pair, which we will investigate, is EURUSD. The values ​​of indicators are chosen based on observation and they are not some "magic" numbers. Signal is the observation of double bottoms, but rather breaking local lows and later its successful test. This is not a trend reversal signal, but signal of end of correction and trend follow-up, in contrast to the classic double bottom. It must meet the following conditions: we have quite a long, stable upward trend;market has made ​​significant correction, i.e. outstanding against the former, which is higher than the average pullback;correction does not exceed 61.8% retracement of last swing;first bottom falls on the technically important level (whether it is a grouping of retracements or anything else, just consider this as important);first bottom on traded t…
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