One last thing you will notice; this Peak/Valley "system" goes hand-in-hand with the Two-Bend "system" explained several times before. The second bend coincides with point of entry.
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- #886
- Jun 21, 2025 10:39am Jun 21, 2025 10:39am
- Joined Jun 2011 | Status: Trader | 15,419 Posts
I actually want to say; let us make this real simple and easy to follow. First of all, forget about the neckline story; all you need to do is to watch for the following setup where peaks or valleys occur (see chart). This occurs on all TFs and easy to identify, BUT there's a story that comes with it (later on that)
The emphasis is ON THE SAME CANDLE.
The emphasis is ON THE SAME CANDLE.
- #887
- Jun 21, 2025 10:49am Jun 21, 2025 10:49am
- Joined Jun 2011 | Status: Trader | 15,419 Posts
I actually want to say; let us make this real simple and easy to follow. First of all, forget about the neckline story; all you need to do is to watch for the following setup where peaks or valleys occur (see chart). This occurs on all TFs and easy to identify, BUT there's a story that comes with it (later on that) {image} The emphasis is ON THE SAME CANDLE.
The perfect setup for a clean and smooth entry; which displays the double yellow bend loud and clear
- #889
- Jun 21, 2025 10:59am Jun 21, 2025 10:59am
- Joined Jun 2011 | Status: Trader | 15,419 Posts
If you had your H4 and H1 running next to each other you could have entered on the blue line already.
The double bend system combined with this makes it pretty simple to reap some good benefits.
The double bend system combined with this makes it pretty simple to reap some good benefits.
- #890
- Jun 21, 2025 11:04am Jun 21, 2025 11:04am
- Joined Jun 2011 | Status: Trader | 15,419 Posts
Another example this time on H1
- #891
- Jun 21, 2025 11:06am Jun 21, 2025 11:06am
- Joined Jun 2011 | Status: Trader | 15,419 Posts
. . and entry on lower TF(M30):
- #893
- Jun 22, 2025 2:08am Jun 22, 2025 2:08am
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,371 Posts
