Page 1 of 4 123 ... LastLast
Results 1 to 10 of 35
  1. #1
    Solid Member KobusVisser's Avatar

    Cool Break, Swing, Bounce !!!

    It's as simple as that - Break, Swing, Bounce. The charts below show a typical setup.

    1. Determine the support/resistance area
    2. Wait for price to BREAK
    3. Wait for price to SWING back
    4. Wait for price to touch/break the determined level
    5. Place option in direction of the BOUNCE to expire at the end of the current hour.



    Last edited by KobusVisser; 10-04-2014 at 05:25 AM.

  2. #2
    Legendry Member Michael Hodges's Avatar
    is thus trend following?

  3. #3
    Solid Member KobusVisser's Avatar
    Quote Originally Posted by Michael Hodges View Post
    is thus trend following?
    Yes, the setups only occur during trending conditions.

  4. #4
    Rookie Member junior1786's Avatar
    i see you using the 4H chart, so for how long do you open an option for?

  5. #5
    Solid Member KobusVisser's Avatar
    Quote Originally Posted by junior1786 View Post
    i see you using the 4H chart, so for how long do you open an option for?
    Hi, I use H1 charts and the option expire at the close of the current candle, which is at the close of the hour, ie: If the option is triggered at 10:24 then the option is to expire at 11:00.

  6. #6
    Legendry Member Michael Hodges's Avatar
    nice explanation.

  7. #7
    Rookie Member junior1786's Avatar
    Sounds good, i'll give it a try

  8. #8
    Solid Member KobusVisser's Avatar
    Patiently waiting for the retrace then the bounce......

    https://charts.mql5.com/5/715/usdjpy...ng-limited.png

  9. #9
    Solid Member KobusVisser's Avatar
    AUDUSD - What a beautiful example of my strategy.... and if you zoom out you'll notice that we are in a long down trend.

    https://charts.mql5.com/5/715/audusd...ng-limited.png

  10. #10
    Solid Member KobusVisser's Avatar
    EURJPY - 2 Opportunities awaiting us.....

    https://charts.mql5.com/5/725/eurjpy...ng-limited.png

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3