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  • Continuation Bullet

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    Giang
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    The document provides examples of identifying counter trend moves and shifts in momentum to determine trading opportunities. In the first example, there was a counter trend move down in AUDUSD but no shift in momentum, so a trade was entered short at the low of the inside bar. In the second example, there was clear upside momentum in the market along with an inside bar, so a pending buy order was placed at the inside bar's high level to enter the trend. The document stresses analyzing momentum and inside bar patterns to find trades that follow rather than fight the prevailing trend.

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    The document provides examples of identifying counter trend moves and shifts in momentum to determine trading opportunities. In the first example, there was a counter trend move down in AUDUSD but no shift in momentum, so a trade was entered short at the low of the inside bar. In the second example, there was clear upside momentum in the market along with an inside bar, so a pending buy order was placed at the inside bar's high level to enter the trend. The document stresses analyzing momentum and inside bar patterns to find trades that follow rather than fight the prevailing trend.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    3 views12 pages

    Continuation Bullet

    Uploaded by

    Giang
    The document provides examples of identifying counter trend moves and shifts in momentum to determine trading opportunities. In the first example, there was a counter trend move down in AUDUSD but no shift in momentum, so a trade was entered short at the low of the inside bar. In the second example, there was clear upside momentum in the market along with an inside bar, so a pending buy order was placed at the inside bar's high level to enter the trend. The document stresses analyzing momentum and inside bar patterns to find trades that follow rather than fight the prevailing trend.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 12

    Example 1:

    We see a momentum to the downside now => We wanna see if we can get that counter
    trend move, when we get it and whether we can get a continuation after. We wanna
    make sure of:
    • No shift in momentum when we got counter trend move
    • Have continuation of momentum in that direction
    We got a counter trend
    move but not a shift in
    momentum
    We got the nice break down. NOTE that each pair is different so we need backtesting to
    see if we need to see more candles to determine momentum down. For AUDUSD, could
    be confident with this break.
    The Blue candle is an inside bar (which didn’t break both the high & low of the previous
    candle) => We mark its low as MRL.

    MRL
    We set the order! (at the inside bar
    low)
    We continue to move with the trend…
    Example 2:
    We see clear momentum upside, a small pullback but not a shift in momentum
    We see momentum has been back to the market
    => We look for a Bullet to enter the market
    We have an Inside Bar => Its top is our entry level
    We set pending order at that level!
    Note: When there’s Inside Bar
    Note: When there’s NO Inside Bar

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