[quote=mikryx post_id=1295505150 time=1677926948 user_id=4948282]
First of all, I'm a pure beginner in trading, but I've got a big background in playing with algorithms and probabilities.
By far, when looking at a chart, I focus on the mountains and the V shapes between EMA 21 and EMA 55. Indeed, that's why I'm in love with this indicator. It enables me at a glance identify them, and select my entry points.
Of course, about the entry, I make it clear : it's not linked to the color of the candle, or the arrows.
If you want to know where are the entry points, you need to understand where is the jackpot in the chart.
1 : the indicator shows blue candles, which mean EMA 21 was above EMA 55. I use the highest candle of this period as the pike of the mountain.
2 : the indicator shows pink canldes, which mean EMA 21 was below EMA 55. I use the lowest candle of this period as the bottom of the V shape.
3 : Here is a jackpot area. And my entry point (BUY) is in this area too.
4 : Here is a jackpot area. And my entry point (SELL) in in this area too.
Hello bro.
how you determine the jackpot position!!
from your above points, Of course, about the entry, I make it clear : it's not linked to the color of the candle, or the arrows.
"I use the lowest candle of this period as the bottom of the V shape.". and this position is for entry for BUY!!!
V position how many bars need to calculate!
can you make it more clear, so it will be good and test ..
i use eurusd m1 , from this chart i can see historical peak V shape and marked. but how to conclude!! i have NRp ARROWS as shown in chart.