Tweezer Top/Bottom Finder — Indicator by scarf ...

(Cont.) Strategy Analysis and Prep GJ - 11.11

(Cont.) Strategy Analysis and Prep GJ - 11.11
11.10.2019 analysis:


Monday - Definitely a day ruled by the bulls. Referencing my last post, there was not a whole lot that my trade entries (chosen before market) allowed me to do. A bit past the upper side of my chosen entry zone you will see a double top, and on the M5, it makes a pretty clean M pattern. However, because it was so extended, I simply didn't want to jump in and "Guess the Top". Those with better analysis than I may have seen the turning point as the perfect short, as it lined up with a high made on Nov 7 at about 10:45 just perfectly. Personally, I think it is difficult to decipher demand from noise on the M15, but today was a learning experience, as I was surprised to see so many levels blown out of the water by London's early moves. Lessons learned.
Anyhow, not much changed here in the larger time frames. Daily chart and H4 are creating a very nice volatility tunnel. A true tease, the guppy is not giving us much here. What really bothers me? On the daily chart, it looks as though the nearest upward spike peaked on Oct. 21. Look left and what do you see? Not a whole lot. Nothing in the way of major supply to stop the impulse we saw. Much like banks build their order book in the JPY session (depending on who you study), this appears to be the same thing only on a grander scale. Is the lack of supply/selling pressure enough to see this to in the coming month, or would the banks rather average down to better supply/price before making that same move...


This pair is in a lot of noise, and as such, like yesterday, I am truly thrown off about whether to choose a long or short bias. Rather, I will simply determine two points at which I feel I have both allowed myself to allow the market to make its move as well as allowed for the over extension necessary for good R:R.
To the short side, I like an entry of around 140.58. The red "1", "2", and "3" represent any unfilled orders in the near term. the 3rd level is the most opportune in my humble opinion. Beyond that, there is significant room to run, so I will be looking for good signs of reversal before making my entry.
To the long side, I am more cloudy. At the very least, the US/AUD low provides some simply stop hunt opportunities, but this is not as far out as I'd prefer. the M15 Proximal demand zone shows a fairly text book rally-base-rally. However, being on the M15, I am not putting much behind it other than a zone to watch should the long stop hunt move get blown by. The 3rd level of demand listed with the Blue "3", provides a location with unfilled stops that stand the most to lose given the last trading day.
All that said, I will wait and see which direction the market surges in London open (if at all), and then prep myself for the fade. Having looked through u/thefrozen_one trades, I am going to be looking for the following to assist my entry:
  • Sharp rejection at my chosen entries - I am still learning how to place these, so I will also be looking left for structure to provide confluence to my analysis in the moment.
  • M/W patterns on the M15 or M5
  • Tweezers/long wicks - again, looking for confluence here and not blindly trading wicks.
I appreciate those who entertain my rambling. At this stage, I am not anywhere near predicting the next move. However, this has been my first opportunity to consistently keep myself honest in analyzing and tracking a forex pair, free of indicator madness. I am excited to see my rather dry and ambiguous observances mature into confident bias with which I attack daily trades.
Green pips to all!
submitted by Rich_Foamy_Flan to Forex [link] [comments]

Candlestick Patterns  Tweezers Tops & Tweezers Bottoms forex trading for beginners urdu Episode 076: Trading With Tweezer Tops in Forex Learn forex - Tweezer tops and bottoms - YouTube Automated Trading: Tweezer Tops Episode 173: Trading with Tweezer Tops - Best Chart Patterns - Forex Trading Strategy

Tweezer Bottom formation consists of two candlesticks: Bearish Candle (Day 1) Bullish Candle (Day 2) Sometimes Tweezer Tops or Bottoms have three candlesticks. A bearish Tweezer Top occurs during an uptrend when bulls take prices higher, often closing the day off near the highs (typically a strong bullish sign). TradingView India. Finds tweezer tops and bottoms which are often great reversal points. Signals are shown as TT & TB on charts. I've use strict rules here, so if you feel it's missing solid signals PM me with the details and I'll look into expanding the rules a bit. This also has an RSI filter to reduce false signals. If you like this you'll probably also like my Pin Bar Finder indicator. This indicator highlights the tweezer tops and tweezer bottoms on the chart it is applied on. Per the definition, a tweezer top is a candlestick pattern in which the first candle is bullish, the second one is bearish and they have the same high. Other traders define a tweezer top using the close of the first candle and the open of the second one, but the indicator currently supports only ... What Is a Tweezer? Tweezers form when two consecutive candlesticks have equal, or very close to equal, highs (tweezer top), or lows (tweezer bottom) The equal highs or lows may also reflect the open or close of two consecutive candlesticks, or a combination of both; The colors of the candlesticks that form a tweezer generally don’t matter Tweezer form more often on smaller timeframe charts; Tweezer Top/Bottom Pattern (Expo) indicator identifies real-time Tweezer Top and Tweezer Bottom in any market and in any timeframe. This is an enhanced version of the pattern which enables higher accuracy, and noise filtering. In addition to that, Tweezer Levels can be displayed which can be used in many different ways, for instance, as a stop loss level, or to confirm the signal. Tweezer strategies are popularly used in forex, as well as options and futures trading. How to Identify the Tweezer Top Chart. For a chart to satisfy a tweezer top pattern the following must hold. Two adjacent candlesticks where one or both touch a new recent high ; The first bar is a white and is followed by a black; The tops of the two bars should be level or nearly level; Because the ... Assalam o Alaikum! Dear man ap sab members k sath aj "Tweezer Top aur Tweezer Bottom" candlestick pattern k bara man apna knowledge share kerta hon. Tweezer Tops Pattern: Tweezer tops pattern hmasha long uptrend k top per banta aur ye long bullish trend ko long bearish market trend k ander revesal k signal deta ha. 1. Is pattern man first candle bullish small real body ki banti ha jiska upper ... Tweezer Tops — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! Bullish and bearish engulfing tweezer tops and bottoms and stars. How to install this indicator on your metatrader trading plaftform. Click here to download the compiled version of this indicator. The pattern alert v1 1 is a forex candlestick patterns indicator. The tweezer top formation is viewed as a bearish reversal pattern seen at the top ...

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Candlestick Patterns Tweezers Tops & Tweezers Bottoms forex trading for beginners urdu

Use Visual JForex to automate trading. Feel free to ask questions at any of the previous tutorials. Today in this Episode, I will show you how to identify a tweezer tops trade setup, where to place your stop loss and how to exit the trade profitably. Episode Highlights: Trading Episode Resources ... Learn how to spot tweezer tops and bottoms in your charts and how to trade them. Learn more about forex trading at Fo... Thank you for joining me for another episode of the 10,000 Trades Show. Today I am bringing you a Tweezer Top trade. This reversal trade sets up at a key sup... Candlestick Patterns Tweezers Tops & Tweezers Bottoms forex trading for beginners urdu \\\\\ Tweezer Tops and Bottoms The Tweezer Top formation is a bearish reversal pattern seen at the top of ...