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ochuko replied Jan 9, 2014When market opens and closes below the price where we experienced a fractal break, I dump that pair and look for another set up.
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
That blue line on USDCAD was draw from the daily time frame to represent the price where price broke the daily market flow.
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
This is a wrong set up. On the daily time frame, price is currently loitering around resistance. In my case, I would pass this pair and look at others with high win probability.
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
For USDCAD my entry would have been around 1.0783, but price did not retrace to that region. So there was no valid set up on the hourly time frame.
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
Hi brother, I would encourage you to take you time to read through this thread from the beginning. I explained how to determine market flow change and NOT money flow change. If you still have any challenge in understanding it, kindly quote from the ...
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
My rules for re-entry remains the use of candle sticks and I discussed the candle stick I use. My re-entry is usually based on the target zone. Once price exceeds by target zone by over 50 pips, I forget about that pair and look out for another set ...
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
If you have any question, observations or suggestions, I would be glad if you post it here so that we can all learn and improve this system.
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
This is EURUSD. See how price reacted around our entry area and went down to hit our potential take profit area. Though this trade was not a winner, but a good example to show you how this system works
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
EURUSD and USDCHF looks good to re-enter.
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
Gold is moving in our direction. So far in profit. EURSD hit SL. -22pips
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
This is a simple system. It is trend following devoid of any form of ambiguity.
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
See a good example on EURUSD Price is close to resistance A bearish pin bar has formed We would be placing a trade based on that pin bar.
Simple Market Flow Trading System
- ochuko replied Jan 9, 2014
1. We would have to wait for price to get to the trendline or support area. 2. We would wait for a price action set up(candle stick) to pull our trigger
Simple Market Flow Trading System