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Toshko Raychev Forex Wealth Strategy

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Toshko Raychev Forex Wealth Strategy

RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT

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Toshko Raychev Forex Wealth Strategy

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Toshko Raychev Forex Wealth Strategy

DOUBLE HIGHER TIME FRAME CONFIRMATION

As you likely already are aware, using multiple time frames to confirm entries when trading
increases odds for success drastically.

So, today I will reveal another of my secrets on how to use not one, but two different time
frames in order to confirm your entries.
We will use one time frame higher than our current trading time frame, and then another
even higher time frame. We will look for different signals on these higher time frames for
confirmation.
Let’s look at an example.

We will use the M5 (5 minute) time frame as our current time frame as an example, to
illustrate what exactly we are looking for.

So, our first higher time frame for confirmation on the M5 will be the M30 (30 minute)
chart where we will look for the Octa MAs lines to be in the right order for our entry,
meaning that the Aqua MA should be above the Yellow MA to confirm a long entry and
the Aqua MA should be below the Yellow MA to confirm a short entry.
Next, we will move to the H4 (4 hour) time frame as our second confirmation and we will
look for the candle direction there to be in the same direction as our entry, meaning that
the H4 candle should be bullish to confirm a long entry and a H4 bearish candle to confirm
a short entry.

On the next table you can see the different time frames you should look for confirmation
on along with what to look out for on the respective higher time frame chart:

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Toshko Raychev Forex Wealth Strategy

TRADING TIME FRAME OCTA MAS HTF CANDLE DIRECTION HTF


M1 M15 H1
M5 M30 H4
M15 H1 H4
M30 H4 D1
H1 H4 D1
H4 D1 W1
D1 W1 MN
W1 MN MN

Now, to be clearer, I will show you a couple of examples: one for a long and one for a
short trade…

Long Trade Example

On the following image we have a long entry signal on the GBP/CAD M5 (5 minute) time
frame chart at 5:05 pm in the afternoon on 7th of August.

Image 1

The dotted vertical line here represents the moment when all the conditions for this long
entry were met for the first time - Octa RSI crossed above the middle level, Octa Trend
was above its middle Red line, Octa HTF Oscillator was above its Red line, a Light Blue
Octa Reversal Points bar appeared, Octa Vol was colored Light Blue and its label was
Green, Light Blue dot of Octa Levels appeared below the price, Octa Psar Yellow dot

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Toshko Raychev Forex Wealth Strategy

appeared below the price, Octa MAs cloud just turned Blue and Octa MAs Aqua line
crossed above the Yellow line.

At this point the M30 (30 minute) chart should be checked and, as clearly seen on the
next image, the Aqua line of the Octa MAs is above the Yellow line thus confirming the
long entry (the vertical line marks the time when signal occurred on the M5).

Image 2

The next and final confirmation needed before the entry is from the H4 (4 hour) chart,
where the candle should be bullish, as it is on the next image, where I highlighted it for
easier recognition (the vertical line here marks the time when the signal occurred on the
M5).

Image 3

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Toshko Raychev Forex Wealth Strategy

After both confirmations from the M30 and H4 time frames, we are now ready to switch
to our trading time frame, which is the M5 in this example, and take the entry after the
close of the signal candle as on the next image:

Image 4

Short Entry Example


On the following image we have a short entry signal that occurred on the GBP/JPY H4 (4
hour) time frame chart at 8:00 am in the morning on 19th of July.

Image 5

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Toshko Raychev Forex Wealth Strategy

The dotted vertical line here represents the moment when all the conditions for this short
entry were met for the first time - Octa RSI was below the middle level, Octa Trend was
below its middle Red line, Octa HTF Oscillator was below its Red line, Octa Reversal Points
was with Red bar, Octa Vol was colored Light Blue and its label was Green, Red dot and
line of Octa Levels were above the price, Octa Psar Yellow dot was above the price, Octa
MAs cloud just was Orange Red and Octa MAs Aqua line crossed below the Yellow line.

At this point the Daily chart should be checked and, as it’s clearly seen on the next image,
the Aqua line of the Octa MAs is below the Yellow line thus confirming the short entry
(the vertical line here marks the time when the signal occurred on the H4).

Image 6

The next and final confirmation needed before the entry is placed, is from the Weekly
chart where the candle should be bearish, as it is on the next image, where I highlighted
it for easier recognition (the vertical line here marks the time that the signal occurred on
the H4).

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Toshko Raychev Forex Wealth Strategy

Image 7

After both confirmations from the Daily and Weekly time frames, we are ready to switch
to our trading time frame, which is the H4 in this example, and take the entry after the
close of the signal candle, as on the next image:

Image 8

As you just saw from these examples, this is another of my little tricks to improve the odds
for success to work on our side. Try this new double confirmation technique and you could
start making even more winners.

Regards,
Toshko Raychev

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