ilmscore | Prediction Details
"let's take a look at the next one remember we have to wait this is newse home right here and i will draw this out this is our new zone but we can't trade in it until we get the break and close on the daily chart which is our vertical line this is the importance of doing that in our back testing scenario in our validation scenario so we get that we get our vertical line the market comes back down to that vertical line right here at this point as we push down this is our zone right here and in this area of what do you see what do we end up getting we get a pushdown we get a one bottom we get two bottoms right there a nice double bottom scenario for entry possible entry stops will be down here targets again could go back up that previous structure resistance right up here let's just play that out and see what it looks like on the chart and this will be the last example I show you on this time frame we'll talk a little more about how to build a trading plan around this as well you'd be looking somewhere around a three to one reward on this as well on the specific trading opportunity from the hourly chart using that chart to place your entry stops and targets while using the daily chart for possible conditions where it comes to in a trending market for condition number one creating your zone for condition number two and pulling back to that zone for condition number three that's the stars aligning looking for entries on 4-hour and one-hour chart"
By The Trading Channel (The Trading Channel) | June 13, 2019 | Pending
From video
REVEALED: My Personal Trading Process (and... how YOU can use it) 00:16:47 - 00:18:04
Interpreted Prediction
A second example of backtesting is provided, where after a daily chart break of structure (vertical line), the market pulls back to the defined zone on the hourly chart, forming a double bottom for an entry. Stops are placed below this structure, and targets are set at previous resistance, aiming for a 3:1 reward ratio. This reinforces the strategy of using daily for conditions and 4-hour/1-hour for entries.

Prediction Details

Topic
EUR/NZD Trade Validation Example 2

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