dinsdag 28 februari 2023

Backtest Review 151 - 200

151


Good trade. Could add obvious trendline, as it is a liquidity area. If it is obvious and we drop down, later on it is liquidity.
Range break and retest. Break before is great.

152


Good trade. Pullback was also at QML level. At 4H it i obvious that bullish MB was printed. Now taking the trendline highs (= liquidity).

153


3-drive was quit steep. Also rejecting distribution twice with equal highs. This tells us that it wants to head lower, so it was a good BE candle.

If EQH are formed and they wick into an interesting area, like a strong distribution, then you can expect price to go lower. Later on, once played out, you can target them. Therefore always mark-up the EQH and EQL.

154


Yes, was indeed news. In such cases always mark on the lows and highs.
Notice that we were at a range. Trade was taken in the middle of the range.
A trade could've taken at the top of the v-rejection on the bearish candle because of the news candle.

155


The blue level indicates a double top, followed by a news event dumping. If such news candles don't retrace immediately to at least half the candle, then they often don't get a retracement until later on.

The blue level was the trade was taken from, was already heavily weakened because of all the breaks and touches.

156


Great trade idea. But. DC highs were already taken by the up move. So there's not really a reason to go higher again at the time the trade took place. Also, in the most right DC there was a triangle, which got by the bullish engulfing candle.

157


Right before the trade there was some choppiness with lots of (big) wicks at the bottom, building up liquidity. Good trade.

158


Great. S/R pattern. Could've target lower (the distribution top or mid-level) because the highs on the 4H were taken 3 times, with a FTC as the 3rd time. Also, the LH's on the left were not major liquidity area's, while the distribution is a major liquidity area.

159


Often a V-rejection gets a pullback around 50% of the V. 50% is measured from the left leg of the V to the bottom.

160


Better trade because half of the V is now filled. After the trade the level of the low was holding and finally broke. Then it took the lows and quickly moved higher. This is a typically range pattern.

BE candle is good because it just swept the highs. Chances are now that it will break the range high, retest the mid-level and go up again.

Good trade, but target was too low, better was to target the V-rejection low.

161


Remove the blue level. It is not strong enough: Slow candles on the level and there're also candles overlapping on the level in the middle of the level.

Trade was good, BE was also good. Watch out for opportunity cost: Because of the trade the bias was bearish, but without the trade being in the way, you probably had seen the long trade better, which is the bullish candle after the last wick. This is because the wick before took all the lows and the last wick was a retest, so the bullish candle following was an excellent buy.

Note: A double top is not a valid double top if there is a double bottom in between:


162



No major structure point was broken. And the indecision candles did failed break the high multiple times. Also these candles are on a LH area.

163


Great.

164


Always draw on the trendlines. It did break the trendline, but level was holding. Was worth the trade, because it was at a HL area and there was the corrective.

165


Here's a pattern that happens often: It goes AC into the level and then DC moving away from the level. It is then absorbing the orders so it can make a move to the upside:


This pattern is called ACDC (or DCAC in the opposite direction).

166



HTF was very bearish: BOS, 3 spikes, just made a LH and the LH made a v-rejection.



167


4H was in a corrective move:



Entry was at a false break-out. It took out the highs, then took out the lows, and finally went long

168


Indeed a very strong range, one of the strongest one can get. Very good trade.

169


Very good trade: there's the break of the trendline and also the break of structure.
The reason the trade failed was because during the pullback we failed to break the highs. Each LH got respected:



170


Trade was taken at HTF LH point. 

171


Good trade, but looking at the 4H there is a lot of liquidity void:


The LH formed after the dump is a major lower high. If we don't break this high, we are still bearish.

On the entry timeframe the pullback was bearish because structure was respected. It is not a nice correction because the high was each time strongly rejected.



172


Good trade.

173


Would not draw on the triangle because it is not very corrective. Why? because of the bullish pushes. Those are very strong and the pullbacks are each time corrective.
Also the triangle is quit steep.

174


4H showed strong sign of continuation by rejecting the triangle with the 2 wicks:

175


Price keep failing that level and also ltf triangle got respected:


176


Level not drawn right. Look where the highest closures are. Also, the bullish candles obviously slowed down in momentum when reaching the level:



177


Good trade.

178


Distribution got respected:



179


Do not take immediates at trend reversals. Only in trending markets on CC levels.

180


Do not takt immediates on wick levels, those levels are too weak.

Trade is taken on the 4H HL point:


Also, the 4h level (green) is very clean, so do not short into that.

181


4H HL is respecting the level and on the 4H there's a DC:



182


Nice trade, but very risky because of longing into the range. Better entry was here:



183


Good trade.

184


Not too much market behavior. There's a double top, but not so nice because of the gap up.

185


False PA signal:



186


4H Pullback v-rejection
On ETF it is failing to break the lows; making HH's in the range. Furthermore there's lot of liquidity to get taken.



187


Do not trade against a strong dump if there's a level in the way.

188


Took the trade too late. Also the movement down was very corrective on the LTF, go BE. Also shorting at the low of the 3rd impulse of the 4H:


189


Broading wedge is an accumulation pattern.
On the 4H the broadening wedge has taken out the 4h low:

On the ETF the structure got respected on the way up:


190


Valid 3-drive. 

4H failed to break the low and price is now at range high. Also there's void above and a very strong distribution. Probably it will take that liquidity because it already took the news high liq. After doing that it failed to create the LL. Now price is accumulating at the level:


191


target was too low. There was a 4H V-rejection

192


Good trade. HTF distr was hit, now going lower.

193


Good trade.

194


Longing into distribution on the left.

195


4H V-rejection was not a v-rejection but just a pullback. It is a 100% retracement double bottom, so bullish.

196


Good trade.

197


Longing into the distribution, but trade is fine. Target was unrealistic with a news candle high in the way and also a LH point. Also price is going up slowly.

198


Good trade but could've targeted lower because of the many obvious lows, target these.

199


It was a 1H selling climax, not a 4H one.

200


Good trade