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Cokidots Trader

Cokidots Trader

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A DBD is simple a reverse RBR, this is when price is in a bearish momentum and tanks, then we find a base (which is price collecting orders) before then continuing the bearish momentum.

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Here is a live example of Rally Base Rally. As you can see we had a strong bullish push, then had a base. This base was actually creating Higher Highs and Higher Lows, better allowing us to know we will continue into the second rally phase. On a RBR set up, when looking for entries. If i am not already in entries prior to the base, we will wait for the base to break and start the second rally phase, and place our stop loss below the lowest part of the Base phase and look to take profit at the next zone.

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Here, as you can see we are in bullish momentum, we have a bullish Rally, We then find a base while collecting more orders. Then we break out of the base zone and continue to phase 2 of the rally stage.

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RBR A RBR or Rally Base Rally is a simple concept. Price is in bullish momentum, pushes up and then creates a short consolidation or Base period, and after that base period is over (the base period is when we are collecting orders to fuel the next push) we get our second rally stage.

This was a very good setup. Price Created a very nice FTR, we pushed far away (25 pips) pulled back to the FTR and closed inside the zone. Then we had a bearish engulfing, after that candle we look for entries. With our stop loss above the FTR zone (12 pips) and our Take profit at the initial reversal (25 pips). Note: after the initial target is hit, feel free to let one position run.

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A Bearish FTB is the reverse of the bullish, price is in a downward momentum and creates an FTR to collect orders to continue the move. Then price finds a support (usually a minor) and pulls back to the FTR and when it rejects we look for sells back to that minor support zone.

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FTB Rules: Stick with the trend Price Must Create a Single FTR candle Price Must Pull Far away from the FTR candle before coming back (10+ pips) On the Retest, the Candle MUST close inside the FTR zone, and the next close OUT of the zone. If price moves away from FTR, then consolidates before coming back=INVALID. Use TF 15m+ Place Stop Loss Below/Above FTR candle (including wick) If on the FTR retest the candle Closes PAST the FTR zone=INVALID.

FTB A FTB or a First Time Back, is essentially a move BACK to an FTR that was formed. What this is is a manipulation play that is created by the market makers to trap people in the wrong direction orders, and then continue price back in the overall momentum

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This is a Bullish FTR drawn with lines, not candles, essentially what this is a small pull back in price to collect orders to trap sellers and gather more buyers before continuing up.

bullish

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