Re: The RULES
Hey there Squalodon! :) Thank you for reading my post. That's great that you noticed it too.
Anw, after I've read your reply, I get what you mean haha thanks for sharing.
Yeah kinda noticed it went drop and moved.
Or it looks like after the inside days have formed, it follows the...
Hello and Hi :)
Farid here coming from Singapore. I am 19 btw. Perhaps the youngest here?
Why I started trading because life in Singapore is just so stressful. High standard of living, and I cant bear much as a student and having a part time job at the same time.
I take a step forward to look...
USDCHF false signals
An example of USDCHF false signal would be this.
1) its an UPTREND market condition. So we expect it to reverse downtrend.
2) Double Inside Days formed, body is above mean value.
3) However candlesticks forming afterwards filled inside YELLOW box.
Candlesticks forming...
USDCHF example
Blue arrow: Shows that Double Inside Days have formed.
Red Ticks: Confirmation that candlesticks afterwards formed below the Double Inside Days since its a UPTREND condition.
So the reverse will be a downtrend.
Yellow Highlighted: Notice that no candlesticks body...
The RULES
Okay so I am going to show an example.
Rules for Double Inside Days reversal signals to be valid:
1. Check for Trend Market Condition. Does the Double Inside Days candle formed during UPTREND or DOWNTREND?
2. Double Inside Days must be AWAY from mean value. Good mean reversion signal...
Hello everyone! Farid here. ANw, I recently have been studying the charts and I found out something about this Double Inside Bars forming in charts. Recently it appeared in the EUR/USD and the USD/CHF.
I spotted something about it, and decided to study the previous dates and test out other...