After reading much about Wyckoff method I decided I should include this type of analysis in trading as well. Along with the usual triple stochastic, price action and
double tops formation on 30 min TF.
The first possible trade appeared while I was fiddling with the new blog set-up, namely a GBP/JPY short.
The DT (double top) was nicely formed with a narrow initiating 30 min candle. Length of formation was 25 candles. Also the formation was in line with the 3Stoch indicating an oversold area.
A nice 40 pips run after getting out of the DT area. Unfortunately I haven't entered this trade.
double tops formation on 30 min TF.
The first possible trade appeared while I was fiddling with the new blog set-up, namely a GBP/JPY short.
The DT (double top) was nicely formed with a narrow initiating 30 min candle. Length of formation was 25 candles. Also the formation was in line with the 3Stoch indicating an oversold area.
A nice 40 pips run after getting out of the DT area. Unfortunately I haven't entered this trade.
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