This thread is about the technical setups I use day in/out to trade the markets📒
1⃣Wedge break (WB)
2⃣Wedge break pullback (WBPB)
3⃣Breakout Retest short (BORS)
4⃣Breakout Retest Long (BORL)
5⃣Breakout 10ema PB (BO10PB)
6⃣Breakout 21ema PB (BO21PB)
That's my playbook 👇
1⃣Wedge break (WB)
2⃣Wedge break pullback (WBPB)
3⃣Breakout Retest short (BORS)
4⃣Breakout Retest Long (BORL)
5⃣Breakout 10ema PB (BO10PB)
6⃣Breakout 21ema PB (BO21PB)
That's my playbook 👇
1⃣ Wedge break (WB)
Price forming a orderly pullback contained by a down trend line (DTL)
I buy on the DTL breakout ideally on higher than avrg. volume
Price forming a orderly pullback contained by a down trend line (DTL)
I buy on the DTL breakout ideally on higher than avrg. volume
2⃣ Wedge break pullback (WBPB)
After the WB, you often have a pullback to the kma's (10/21), we then find support and follow through on the upside.
I usually buy on the intraday WB (15min/1 hour)
After the WB, you often have a pullback to the kma's (10/21), we then find support and follow through on the upside.
I usually buy on the intraday WB (15min/1 hour)
3⃣ Breakout Retest short (BORS)
After a base breakout, the BORS takes place when price comes back testing the BO pivot within a couple days only.
I buy the bullish candle on the retest.
After a base breakout, the BORS takes place when price comes back testing the BO pivot within a couple days only.
I buy the bullish candle on the retest.
4⃣ Breakout Retest Long (BORL)
Sometimes we breakout with a lot of strength, but we pullback during a couple weeks back to the BO level in a wedge pattern.
I either buy the BO pivot retest OR the wedge breakout
Sometimes we breakout with a lot of strength, but we pullback during a couple weeks back to the BO level in a wedge pattern.
I either buy the BO pivot retest OR the wedge breakout
5⃣ Breakout 10ema PB (BO10PB)
When the breakout is powerful & buying pressure is sustained, we don't always get a BO level retest. In that case we might only get a pullback to the 10dma.
I buy the intraday wedge break or tight action at the ema.
When the breakout is powerful & buying pressure is sustained, we don't always get a BO level retest. In that case we might only get a pullback to the 10dma.
I buy the intraday wedge break or tight action at the ema.
6⃣ Breakout 21ema PB (BO21PB)
Just like the BO10PB, we often retrace to the 21dma after the breakout. Gives a good low risk entry.
Just like the BO10PB, we often retrace to the 21dma after the breakout. Gives a good low risk entry.
➕ BONUS : SECOND ENTRY (SE)
Try a first time to bounce of level, retrace back to it and bounce higher & on higher volume (higher low).
If you see that bonus price action at key levels (KMA's & pivots), it indicates that buying pressure in really building up. It's super bullish
Try a first time to bounce of level, retrace back to it and bounce higher & on higher volume (higher low).
If you see that bonus price action at key levels (KMA's & pivots), it indicates that buying pressure in really building up. It's super bullish
@trader2201 If you wait for the retest, or the pullback to 10 or 21dma, you increase your odds as it confirms the breakout by making a "higher low" or an evidence that resistance as turned into support.
All about playing higher probabilities setups 👍
All about playing higher probabilities setups 👍
Good ☕️ read before listening to @TraderLion_ conference ;)
enjoy! ✌️
enjoy! ✌️
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