Thread: Delta rejection

so when I am dealing with entrances I move backtest and I see if this has potential or not. There are hundreds of available trading ideas. In my experience none of these operate as is. You have to improve. Very few function as is. In the event of this
pattern I put a chart with possible trades. X is for unwanted outcome, v for a favorable outcome. Depending on the sl and tp the pattern may change dramatically but I am demoning that it has potential. You may also train your instincts about the simulator for this pattern. To have a sense of them and enhance the winrate.

It is impossible not to get the pattern. The very first countertrend pub in a fashion that breached or reached a level that is the signal.but we need the very first breach or the very first touch of the new high or low. Not the next.

I'm still confused about Your installation and exact entry. If You could mark with this pic below, where is first rejection candle and where is possible SL and TP.

I'm out. You are selling just above the support, I don't see any logic.
Wish You all the best.

Originally Posted by ;

Ok, I'm out. You are selling only above the support, I don't see any logic. Wish You all the best.

Well it's countertrend. It is a rejection. Fantastic luck taking the initial support that comes your way.

Hi Delta. I think you're onto something. What that is, does not look obvious to me.
1. Your charts are quite dark and hard to read. Chart with X V's is not clear.
2. Maybe if you talked a bit more regarding the candles which you see as having potential for reversal, it would help.

Thanks,
Darryl

Originally Posted by ;

Hi Delta. I think you are onto something. What this is, does not look obvious to me. 1. Your charts are absolutely dark and hard to read. Chart with X V's isn't apparent. 2. Perhaps if you spoke a little more regarding the candles which you see as having potential for reversal, it might help. Thanks, Darryl

there is a comparison and following a bullish comes a bearish candle. The pattern states that there is potential in taking the bearish candle following the comparison. So you have to have the comparison and the break of this level.it can be any kind of bearish candle when it has the right colour. Doji's I am not so convinced. Concerning tp the pattern how I see it has little targets and little sl to get a high winrate. Nonetheless, it generates a lot of trades.

Originally Posted by ;

quote there is a comparison and following a bullish comes a bearish candle. The pattern states that there is possible in choosing the bearish candle following the comparison. So you need to have the comparison and the break of the level.it can be any type of bearish candle if it has the ideal colour. Doji's I'm not so convinced. In terms of tp the pattern how I see it has small targets and also little sl for a high winrate. Nonetheless, it generates a lot of trades.

Thanks. That helps.