ilmscore | Prediction Details
"if I'm gonna be day trading and I'm gonna day trade a counter trend system this is what I do first I look at a daily chart I ask myself are we at a recent level of structure that has been tested multiple times that answer becomes yes or no if that answer is no I do nothing I don't trade that specific currency pair I'll let that one go I sit on my hands instead of trading patience pace patience is a huge part of trading so be patient if that's not the case but for me if that is the case in fact is the case then what I like to do is drop down to smaller timeframes I normally start with dropping down to about a four hour time frame I'll drop down to a four hour time frame ask myself is there an entry I have my line pointed out I know I'm at a level of structure I'm paying attention to I want to see an entry reason and I'm gonna go ahead and tell you for this specific case and if you go through the markets and test this that the system has to be tested as well forgot to mention at the beginning we'll talk more about that in a minute but if you go through the markets and test this you can see which currency pairs this gives you a positive expected to see on a positive outcome on throughout historical data and that'll give you what you need in order to create an actual strategy based on this what I like to do in these areas is wait for double bottoms that's it or a double top from looking at a resistance level wait for some type of price action pattern"
By The Trading Channel (The Trading Channel) | October 9, 2019 | Pending
From video
This will make you a NIGHTMARE for Banks and Institutions... 00:04:47 - 00:06:05
Interpreted Prediction
For day trading a counter-trend forex system, after confirming a recent, multi-tested structure level on the daily chart, traders should drop to smaller timeframes (e.g., 4-hour, 1-hour, 15-minute) and look for entry signals like double bottoms (for buys) or double tops (for sells) coupled with price action patterns.

Prediction Details

Topic
Forex Trading Entry Signals

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