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best forex trading strategy for Double Bottoms

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Sant1

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Quote from: M.SbrFX on April 01, 2019, 01:07:53 PM
I want to add about the strategy of double top or double bottom, eliminating any fake signals and making mistakes in position entries, so be careful.

make a position entry if the candle is close and the signal is really visible.
Very good explanation of the double bottom and double top, for more valid signal analysis, what timeframe?
whether H4 or D1 and maybe 1W which is better and more valid in this signal.
#46 - May 01, 2019, 12:27:01 PM

Chiffa

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Quote from: Ecy on May 01, 2019, 12:27:01 PM
Very good explanation of the double bottom and double top, for more valid signal analysis, what timeframe?
whether H4 or D1 and maybe 1W which is better and more valid in this signal.
according to my experience in trading.
basically for the strength of validation in a double bottom or double top signal, the greater the Timeframe the stronger the validation.
#47 - May 02, 2019, 01:20:56 AM

Bima Cyber

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Quote from: M.SbrFX on March 25, 2019, 12:12:41 AM
double bottom and double top strategies are usually called the W and M patterns, the explanation is W to represent the double bottom, and M to represent the double top, this strategy is usually a trend reversal and is very good for entry positions and profit.

a simple example like in the picture
best forex trading strategy for Double Bottoms in Trading Systems_index
an example that is very easy to learn about double bootom and top.
the point of support and resistance is strong because it cannot be broken in two periods.
#48 - May 08, 2019, 03:06:04 AM

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#49 - Today at 12:17:26 PM

Lozery

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Quote from: best forex on October 28, 2018, 08:29:04 PM
best forex trading strategy for Double Bottoms



Published by bestsignals on October 27, 2018



Double Bottoms and best trading strategy
 Downward price trend
 The short-term price trend leading to a double bottom is down.
 Two valleys
 Look for two valleys that bottom near the same price. Near means within about 5 percent.
 The bottoms should look as if they are at the same price.
 Valley separation
 The time between bottoms varies, but two to seven weeks results in the best performance.
 Peak
 The peak between the two bottoms should measure at least 10 percent, but exceptions
 are numerous, making this guideline almost useless.
 Confirmation
 Price must close above the highest peak between the two bottoms. If price closes below
 the lowest bottom before confirmation, it invalidates the double bottom.




A double bottom is a twin valley pattern with valleys that bottom near the same price.




The double bottom acts as a bullish reversal of the downward price trend.




The time between bottoms and the price variation is less important than confirmation. An unconfirmed double bottom is just squiggles on a price chart




Reversal chart patterns, such as double bottoms, must have something to reverse.




If the price trend leading down to the double bottom is shallow, do not expect a large rise after confirmation.




best trading strategy Trade with market trend To improve your odds, trade this bullish pattern in a bull market.




Measure rule
 Compute the height from the highest high between
 the two bottoms to the lower of the two bottoms then
 add the difference to the highest high. The result is the
 target price.

how to determine the double bottom?
#49 - May 08, 2019, 03:09:48 PM

Funbfx

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Quote from: Lozery on May 08, 2019, 03:09:48 PM
how to determine the double bottom?
above there are many explanations and examples.
make it a habit to read and also look at the discussion of friends.
#50 - May 08, 2019, 03:17:14 PM

Lozery

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Quote from: Funbfx on May 08, 2019, 03:17:14 PM
above there are many explanations and examples.
make it a habit to read and also look at the discussion of friends.
good thanks for the advice. I will read it again.
#51 - May 08, 2019, 03:22:36 PM

Febi Fg

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with a double bottom strategy we will know and have a bullish trend that will last long. and can be used for longterm trading.
#52 - May 12, 2019, 02:05:28 AM

junofx

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the Double Bottom pattern displays the Seller effort to reduce prices, but repeatedly also finds strong defenses at the lowest price level. So prices look back to form a valley in that price range.
#53 - May 26, 2019, 02:57:23 PM

suneo

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it seems that this strategy is quite accurate, considering the MA / BBMA indicator itself is a powerful indicator.
#54 - May 26, 2019, 03:46:09 PM

bara

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a double bottom or double top pattern is my favorite pattern, if I find this pattern I immediately confirm with another indicator.
#55 - May 28, 2019, 05:15:24 AM

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#56 - Today at 12:17:26 PM

misteri

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double bottom as a good signal for order entry, this position must be utilized.
#56 - May 28, 2019, 01:57:41 PM

ariezz

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Quote from: best forex on October 28, 2018, 08:29:04 PM
best forex trading strategy for Double Bottoms



Published by bestsignals on October 27, 2018



Double Bottoms and best trading strategy
 Downward price trend
 The short-term price trend leading to a double bottom is down.
 Two valleys
 Look for two valleys that bottom near the same price. Near means within about 5 percent.
 The bottoms should look as if they are at the same price.
 Valley separation
 The time between bottoms varies, but two to seven weeks results in the best performance.
 Peak
 The peak between the two bottoms should measure at least 10 percent, but exceptions
 are numerous, making this guideline almost useless.
 Confirmation
 Price must close above the highest peak between the two bottoms. If price closes below
 the lowest bottom before confirmation, it invalidates the double bottom.




A double bottom is a twin valley pattern with valleys that bottom near the same price.




The double bottom acts as a bullish reversal of the downward price trend.




The time between bottoms and the price variation is less important than confirmation. An unconfirmed double bottom is just squiggles on a price chart




Reversal chart patterns, such as double bottoms, must have something to reverse.




If the price trend leading down to the double bottom is shallow, do not expect a large rise after confirmation.




best trading strategy Trade with market trend To improve your odds, trade this bullish pattern in a bull market.




Measure rule
 Compute the height from the highest high between
 the two bottoms to the lower of the two bottoms then
 add the difference to the highest high. The result is the
 target price.

The strategy is very good, for the entry rules it is also quite simple but is the signal entrant easy to find and the style of this strategy goes more to the short term or long term and what is the ideal time frame?
#57 - June 01, 2019, 01:29:07 AM

zaro

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Quote from: ageseko on February 14, 2019, 01:05:44 PM
this technique has actually been around for a long time and is one of the best trading techniques and has a high level of accuracy to determine the direction of future price movements
how long has this technique been used
#58 - June 20, 2019, 03:24:41 AM

ageseko

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Quote from: zaro on June 20, 2019, 03:24:41 AM
how long has this technique been used
to get a valid condition from this technique must wait patiently
#59 - June 21, 2019, 02:14:10 AM

Upnormal12

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Quote from: zaro on June 20, 2019, 03:24:41 AM
how long has this technique been used
indeed this technique is a classic technique such as the like head n shoulder and inverse head n shoulder, but not all traders can use it because they are too sure that the pattern will overtake fate because the requirement for the entry itself must wait for the break neckline because if it is directly the fear entry did not form the pattern but instead went down or up and finally got a stop loss so my advice should not be hasty in taking entry better to be patient to get maximum results
#60 - June 23, 2019, 07:36:34 PM
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