Review of Total_method retrospective analysis 2021/01/26 5-minute chart
kind-boxis the main feature of Total_MethodDescription PageandSales Page
Entry point analysis for 1/26 data across 3 currencies and 5-minute charts.
This is an explanation in a situation where all prices are known. You might wonder, is this meaningful? But markets repeat themselves.
By experiencing multiple times what kind of conditions allow for entries, you will surely be able to apply it in the future.
Thank you in advance.
USDCAD on the 5-minute chart.
Classic pattern of the kind-box method: enter on the kind-box after it breaks out in the opposite direction around the upper/lower edges of the market wave.
The following image explains both the standard pattern and the case where the kind-box is not formed.
There are both bold-frame kind-box and dotted versions; the trend-setting candles are 11 bars for the bold frame and 8 bars for the dotted setting.
Generally, more settings indicate stronger trend momentum, so the basis for entry becomes stronger in the direction of the trend.
On the right side of the image, where the downtrend occurs,
the kind-box is not formed, but prices rise slowly and then drop sharply in a short time.
At that time, a tall bold-frame down-kind-box appears. (Indicating a strong trend)
Ideally, it did not return to the 38.2% line; it bounced at the 15-minute MA.
I believe the 34 EMA is highly watched, so I consider this also valid, but
in the kind-box method, the entry is best on the next formed kind-box.
EUR-AUD on the 5-minute chart.
This also shows both the standard pattern and a case where the kind-box does not appear.
Descending signals and moving averages are used to determine a downtrend.
GBOUSD on the 5-minute chart.
This is a pattern of breaking out in the opposite direction of the standard kind-box, but it is advised to skip entry.
Judgment should be made after checking the higher time frame. Generally, the higher time frame takes priority.
It also explains entries from ranging zones.
We have reviewed the 5-minute charts of three currencies, and as you can see,
this kind-box appears at precise locations and is clearly a conscious, noticeable box.
Thank you for your attention.
※ This line indicates it is publicly available to everyone above this line
If you delete this notice, everything becomes public to everyone, so please be careful.
Also, images can be pasted by dragging and dropping from outside.
※ The portion below this line is public to purchasers
(Please rewrite this part for purchaser access)
(Please rewrite this part for purchaser access)
(Please rewrite this part for purchaser access)