Finding Trade Entry point

Welcome! › Forums › Forex Breakthrough Academy Forum › Finding Trade Entry point

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 24, 2015 at 8:06 pm #800
    Martin Webber
    Participant

    Attached are two charts – both EURUSD. The first 15 minute chart shows my view of a bearish engulfing candle (arrowed) at 12.45 (chart time) on 20th May. This seems to fit the criteria of a) appearing after a series of bullish candles b) appearing below the DOW range and c) engulfing the bullish candle immediately preceding it at 12.30.

     

    The second chart is a 5 minute chart with 5 and 14 EMAs added to it. The MA crossover occurs at 16.15 (chart time) on 20th May, below the DOW range. I have placed a ‘tick’ where I think a sell trade could be entered at 16.20 at level 1.1112.

     

    Attachments:
    You must be logged in to view attached files.
    May 25, 2015 at 9:28 am #804
    Rich FittonRich Fitton
    Keymaster

    Hi Martin,

    Yes, both those entry points were nicely defined examples.

    June 3, 2015 at 9:18 am #981
    John Thurlbeck
    Participant

    Hi Rich and fellow students
    Attached screenshots of EURJPY M15 charts showing DOR (chart time 2hrs ahead) and bullish and bearish engulfing candles.

    Attachments:
    You must be logged in to view attached files.
    June 3, 2015 at 2:28 pm #987
    Rich FittonRich Fitton
    Keymaster

    Hi John, some nice examples there. Given the choice I would have preferred to trade the first chart (the one showing opportunities above the DOR)
    🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.