Practical Exercise 5

[Ronald Williams]

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

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[Lewis Nicolson]

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

[Ronald Williams]

Hi Lewis,

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

Best wishes,

Ron

[Rich Fitton]

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.

[Author]

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