Practical Exercise 5


Welcome! Forums Forex Breakthrough Academy Forum Practical Exercise 5

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • #1345
    Ronald Williams
    Participant

    Hi All,

    I attach 3 charts for the GBPUSD:15 minute charts for 25th June and 26th June and a 5 minute chart for today, 29th June.  All three charts show the DOR in orange and the 15 minute charts show bullish engulfing bars with a blue up arrow below them and bearish engulfing bars with a red down arrow above them.  Blue and red arrows are used in the same way on the 5 minute chart to indicate bullish and bearish crossovers of the 5 and 14 EMAs.  On all 3 charts the entry bars indicated take account of the directional bias given by the DOR.

    I should welcome any comments.

    Ron

    Attachments:
    You must be logged in to view attached files.
    #1349
    Lewis NicolsonLewis Nicolson
    Participant

    Hi Ron,

    Everything looks good to me! 🙂

    You said that all the charts took into account the directional bias of the DOR, does this include the MOR as well?

    Cheers.

    Lewis

    #1352
    Ronald Williams
    Participant

    Hi Lewis,

    Thanks for the comments.  All the charts took their directional bias from the DOR only.

    Best wishes,

    Ron

    #1354
    Rich FittonRich Fitton
    Keymaster

    Hi Ron & Lewis,

    All looking good, Ron. For exercise #5 we were looking at the entry signals in isolation (so no need to apply MOR etc. here) it’s all good practice for spotting the tactical entry patterns.

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