Practical Exercise 5

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    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.


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    Lewis NicolsonLewis 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?



    Ronald Williams

    Hi Lewis,

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

    Best wishes,


    Rich FittonRich 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.

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