Technical Templates

[bigdog]

HI All,

Its been a while. Hope you dont mind me throwing up a few charts from the land down under.......

Have a look at this chart. The arrows represent when price has traded above the emas then retraced back. When price moves back to the emas I am looking for an entry to get long.



H1 below shows the entry points. London open (17:00 on my clock) offers the best opportunities. 3 entries in the last 8 days. More then enough action for me.

The first two entries are 1-2-3 OR momentum highs being taken out. The last is a pin bar.

[Ray_1]

HI All,

H1 below shows the entry points. London open (17:00 on my clock) offers the best opportunities. 3 entries in the last 8 days. More then enough action for me.

The first two entries are 1-2-3 OR momentum highs being taken out. The last is a pin bar.

Hi bigdog

Based on the charts you got into a good entry. The interest rates today moves the cable up and moving towards the big round number of 1.6000. If you are still holding onto the positions you will be laughing all the way to the bank. Cable does not interest me as much as other pairs showing more clean setups.

I like to ask how do you play the 1-2-3 setups. I am new to this setup as it is not on my trigger before. But now I tink it is a useful tools to have and trying to learn it. Is your pt 2 the high of Asian session?

[2Taps]

Been having a leisurely scroll through my list & I've earmarked GBP/AUD, EUR/AUD & EUR/JPY for close attention.
They're still locked in strong bias mode, so pullback hook entries will be the order of the day on the clearer opportunities next week.

Nice hourly pullback hook on eur/jpy off that well touted 98.0 support round number, but what's your initial upside on that one?
I have a long range resistance channel up at 101.60-102.0 stretching back to end of January this year, that acted as support in Feb & resistance again in May & June.
Ahead of that there's some minor lower high touches reacting off the big figure @100.0-50, which I assume will be the spotlight zone?

HI All,
Its been a while. Hope you dont mind me throwing up a few charts from the land down under.......

Hi bigdog
Post away, the more the merrier.
Nice to see variations on a theme!

[round number]

I have exactly the same zones 2Taps.
All I've done is identify them, marked them out & if price manages to climb that far I'll gauge the strength of the momentum play into the first lower zone & see how it reacts.
Sometimes they'll be areas that overlap like that where offers will probably be tiered or staggered to try & obtain an average price in the event of a sharp reversal, but someone like jjay, Jimmy, Carll or Joe will be better placed to offer more detailed information on that subject matter.
From similar technical behavior that they've commented on, I don't think I'm far off the mark with that assumption.
I guess we can also expect Options barriers into those s&r areas with buy stops waiting the other side of 102.0

[bigdog]

Hi bigdog

Based on the charts you got into a good entry. The interest rates today moves the cable up and moving towards the big round number of 1.6000. If you are still holding onto the positions you will be laughing all the way to the bank. Cable does not interest me as much as other pairs showing more clean setups.

I like to ask how do you play the 1-2-3 setups. I am new to this setup as it is not on my trigger before. But now I tink it is a useful tools to have and trying to learn it. Is your pt 2 the high of Asian session?

Hi Ray,

See pic below. Once pt 3 is made you place a buy stop at pt 2.

Hope that helps.

[Se7en]

I notice you've only recently been active trading & posting this approach, but already I'm impressed with your contributions.
I'm really pleased you've chosen to hang out & post over here.
Hope you continue to hang around speedbump.

From Aug 22.
2 pairs in my field of vision at current levels are gbp/usd & usd/chf.
I haven't touched it this week but it's now on my blotter again for a likely pullback hook either backing off from this current s&r zone or a break & pullback through the other side.

From Aug 22.
Swissy is also nudging a previous zone of s&r going back to the beginning of June.
With Euro putting on a brave show of defiance I'm going to look to this pair as my trigger considering it's more or less an opposite mirror of eur/usd.
If the bullish euro action continues I'll look for a reaction back to & away from, or determined activity underneath this s&r zone to trigger me in via the usual setup criteria.

And it's parked up into Friday's close, nestled comfortably inside your 1st highlighted support destination.


Next week I'm on the hunt for 1 & 4 hour directional bias pullback hooks on the following pairs that I'll execute based on higher probabilty set ups/trigger levels:
EURUSD, providing it remains bullish above this recently broken S&R zone at 1.2680-2730
EURJPY, providing it remains bullish above the 99.50 area
EURAUD, providing it remains bullish above 1.2290
USDCAD, providing it remains bearish below 0.9840
& of course those twin pairs you so skillfully presented to us speedbump

As always, good luck for next week everyone!

[speedbump]

Hope you continue to hang around speedbump.

I don't plan on hanging out anywhere else se7en. I like the pedestrian pace of this thread & the emphasis on quality over quantity.

I notice you've only recently been active trading & posting this approach, but already I'm impressed with your contributions.

I ferreted around a couple of forums from the middle end of last year before finding Andy Perry's 3 Ducks & then the Templates thread on Babypips.
To be honest most of the material out there is either complete junk or unnecessarily complex.

The more I read this stuff, the more sense it made. The real clincher for me is the confidence it offers from being able to quickly identify, filter, prepare & apply the set up & trigger combinations. That confidence shot up several levels when I was linked to this thread from one of catcher's posts & saw page after page of set ups posted ahead of time instead of in hindsight.
That, more than anything else convinced me I had found a logical, time/cost efficient method to settle into. It also added more confidence to find 3 of the experienced guys & quite a few of the newer regulars from the Babypips thread decamped over here.

I only have to look around at some of these high profile threads on other forums trumpeting supposedly hot-shot methods, yet witness posters scratching their heads, still struggling desperately to apply the concepts 18 months to 2 years down the road, as proof I made the correct choice!
The other satisfying observation & proof of the effictiveness of the tuition, is the uniformity of the analysis & prep.

[Ray_1]

EURUSD is on the top of my playlist this week. A good way to start a new trading week.

H4 and H1 still telling me to buy on any pullback as HH are seen and the 60SMA is pointing upwards.



Dropping down to my secondary timeframe a stoch hook occur with price reacting at the PDL.



Trigger in at around 1.2760 area and with a sl 10pips below PWL and trailing my stops on the lows of the M15.

[Joe Whitehorse]

Next week I'm on the hunt for 1 & 4 hour directional bias pullback hooks on the following pairs that I'll execute based on higher probabilty set ups/trigger levels:
EURUSD, providing it remains bullish above this recently broken S&R zone at 1.2680-2730
EURJPY, providing it remains bullish above the 99.50 area
EURAUD, providing it remains bullish above 1.2290
USDCAD, providing it remains bearish below 0.9840
& of course those twin pairs you so skillfully presented to us speedbump
As always, good luck for next week everyone!

EURUSD is on the top of my playlist this week. A good way to start a new trading week.
H4 and H1 still telling me to buy on any pullback as HH are seen and the 60SMA is pointing upwards.
Dropping down to my secondary timeframe a stoch hook occur with price reacting at the PDL.

When you combine a simple, robust structure/set up combination with a large dose of common sense this game really isn't quite as difficult or mysterious as some folks lead you to believe is it.

Well done to those of you who took the obvious & less stressful route yet again this week

[Eidriel]

Hi Guys!

Just started trying out this technique. Just curious, what is the average win/loss % by using this method?

I wait for price to hit resistance or support levels then look out for stochastics crossovers on the 4HR. However it seems that I just keep hitting stop loss. I put stop loss just below or above previous low/high usually around 20-40 pips. But it still keeps hitting stop loss.

This is one example. Did I draw the support/resistance zone wrongly?
PS. ignore the buy line.


Thanks and Regards!!