The Secret Society of Consistently Profitable and Disciplined Traders
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Hey, Isn't i a setup 1 on H1 time frame? wouldn't this mean it must be a signal on H4?
What is this? Levels are 20 candles away? what does it mean? have you tested this idea and found that it gives you an edge? or is it just some thought that hit you and you made it part of your trade plan? why 20? why not 10 or 30? I
It is a trading range, I agree with you. My thoughts when I placed the Limit Buy: that the candle right from the seed broke the level upwards. So I thought, ok, this is confirmation. And a fresh cross of AO. So I can place a Limit Buy order on the seed.
what you say makes sense. It can't be both at the same time on the same timeframe.
the 20 candle "rule" I didn't think up myself. It was somewhere in the discord that it was referred to as "when it's like 20 candles or more away, then it's not an issue".immy wrote: ↑03 Jun 2022, 11:16What is this? Levels are 20 candles away? what does it mean? have you tested this idea and found that it gives you an edge? or is it just some thought that hit you and you made it part of your trade plan? why 20? why not 10 or 30? I
The levels that we talk about are RIGHT there in front of you, you don't need to count bars. You took the trade RIGHT at the Levels...
The Strategy that you need to follow has been laid out in the course. Those are the rules you need to follow. FOCUS on identifying the Banana Pattern. 2-3 Impulse Candles that BREAKOUT of a TRADING RANGE... not inside a Trading RAnge... does this make sense/kvr1966 wrote: ↑03 Jun 2022, 12:51the 20 candle "rule" I didn't think up myself. It was somewhere in the discord that it was referred to as "when it's like 20 candles or more away, then it's not an issue".immy wrote: ↑03 Jun 2022, 11:16What is this? Levels are 20 candles away? what does it mean? have you tested this idea and found that it gives you an edge? or is it just some thought that hit you and you made it part of your trade plan? why 20? why not 10 or 30? I
The levels that we talk about are RIGHT there in front of you, you don't need to count bars. You took the trade RIGHT at the Levels...
I might have interpreted this wrong and if that is the case, I will let go of counting, then the levels to the left in the screenshot are very valid.
Should I then have waited until price first breaks the top level to the left, then place the Limit Buy and wait if it comes back to the seed?
yepimmy wrote: ↑03 Jun 2022, 13:17The Strategy that you need to follow has been laid out in the course. Those are the rules you need to follow. FOCUS on identifying the Banana Pattern. 2-3 Impulse Candles that BREAKOUT of a TRADING RANGE... not inside a Trading RAnge... does this make sense/kvr1966 wrote: ↑03 Jun 2022, 12:51the 20 candle "rule" I didn't think up myself. It was somewhere in the discord that it was referred to as "when it's like 20 candles or more away, then it's not an issue".immy wrote: ↑03 Jun 2022, 11:16What is this? Levels are 20 candles away? what does it mean? have you tested this idea and found that it gives you an edge? or is it just some thought that hit you and you made it part of your trade plan? why 20? why not 10 or 30? I
The levels that we talk about are RIGHT there in front of you, you don't need to count bars. You took the trade RIGHT at the Levels...
I might have interpreted this wrong and if that is the case, I will let go of counting, then the levels to the left in the screenshot are very valid.
Should I then have waited until price first breaks the top level to the left, then place the Limit Buy and wait if it comes back to the seed?
I can tell you this much... You don't yet understand the Fractal Geometry of Setup 1 and The BAnana Setup. IT will click one day.kvr1966 wrote: ↑03 Jun 2022, 12:46what you say makes sense. It can't be both at the same time on the same timeframe.
It was a Setup1 on the H1, although 4 candles before the seed on H1.
In theory I understand what you say. Then I look at both charts, and think, how? I see a Setup 1 like 4 candles before the Banana Seed on the H1. So not exactly at the same time, but more or less.
It does puzzle me now.