Full sell setup: when there extreme , twp/mtp , mhv/mlv . Only need this 3 for it to become full setup. But it need to print csak sell as a confirmation for market trend base on its timeframe.
Only entry at reentry. If daily has csm buy, Just wait for the price to make reentry on ma 5,10 low. Then you can entry. To sharpen your entry and avoid floating, filter it to lower timeframe, which mean you will entry when h4 price is around mid bb to low bb, and h1 to make full setup buy.
TP and SL: simple explanation for TP, look where the price next destination, if there reentry on Daily, then price probably look for low bb. so that will be your tp. but if it close as momentum outside bb, then just hold position or look for higher tf low bb.
for sl, i dont really use SL, because it will likely to hit. I use cutloss. i only cutloss when there csm on opposite direction of my entry. example i take reentry sell on H1, i will hold it as long as it dont have CSM Buy and BB expanding
Reentry (Setup)
is 2nd level of entry point. First is MHV. Second is Reentry after CSAK. Third is Reentry after CSM.
Reentry features/characteristic :
Candle close must not pass MA5,MA10 and Mid BB
Always happen after CSAK or CSM
It will be strong if candle close does not pass MA5 / MA10 as well as Mid BB
Candle close does not exceed MA5 / MA10 and Mid BB at the same time making the re-entry stronger
In the event of a re-entry where MA5, MA10 and Mid BB meeting/close together, a minimum of 3 candles movement will happen (based on entry timeframe) indication of strong reentry movement will occur.
- Minimum 3 CS in small TF (H4, H1, M15), while in daily, weekly and monthly usually a minimum of 2 candles.
Always remember to check the market direction first, only then look for re-entry and enter
Wait for the second candle, because the first candle validates reentry and the second candle is for entry
Hidden secret:
Any reentry that overshooted is actually trying to reach higher timeframe reentry of MA5/10
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