How To Identify and Trade Double Bottoms and Double Tops in Forex and Indices – For Beginners
© Copyright 2020 Forex.ca
Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
@19:36 could you not argue that is a double bottom but with a lower second touch that shot up?
Very Good but with so many lines it brings confusion to some traders, double tops or bottoms so many times the market makers go on hunting for stop loss and in many cases the second touch goes below or above the structure to confuse the retail traders,just think about, but overall fantastic lesson.
Great video as usual..thank you
Thanks for your patience
Great sir..
I'm now clear about double top and double bottom.
May I know your chart time frame for intraday?
Best explanation I've come across so far Thank You Sir!!!!
DONT FORGET TO USE13 EMA FOR ENTRY THIS STRATEGY WORKS LIKE GOLD GREAT VID
hi, sorry, just a beginner question, when you mentioned signal candle do you mean Doji candles?
Just wait till a major pivot point. This is when you have the greatest opportunity to identify a double bottom or top. 50's and 00's
Thank you.. this was very helpful, I would advise anyone who doesnt understand M W patterns to first try to understand how candlesticks works..
thank you alot this is mind opening,, i subscribed and ignite the bell immediately
Thank you this is really helpful very kind of you to upload
Thank you Decisive Trade
I've learnt and understood a great deal from your video lessons thank you.
Fantastic video! 1 question. Do you ever set your stop loss at break even?
Hey bro how you going! Nice explanation of how to trail your stops. Quick question…why are the double bottoms/tops ignored if 2nd part of the pattern is lower/higher than the 1st?..just thinking that it could be stop hunting and "fakeys" forcing the pattern lower/higher and possibly create a more powerful move in the markets intended direction?
Hands down best channel in youtube.
Thank you sir….
Hi i love your videos and thank you for all the information you present in them.
I just have one question, if you use this strategy on the 5 min candles the support and resistance lines you draw should they be from the 1 day time frame or the 4 hour.
James, you always look the double bottom and top in the higher time frame? ty
most of your example is a double bottom. need to balance the ratio for double top and bottom
Why did you start from 1/12 when drawing the support and resistance lines?
Hi, first off great vids just found the channel and loving it, now question does this work on the 5 min chart or is that to fast.
again thank you.
I am new to trading and I'm watching ALL of your videos. They are very informative, clearly explained and comprehensive. Thank you for your effort in compiling them!
Excellent thank you.
Thank you, Decisive Trading Team for your nice work. Love it.
Great stuff .. eyes opening wide.
Thank you, MASTER.
Hindsight trading is easy. Unfortunately you don't see many traders showing it live as it happens..
Forgive me please, but i'm now getting into his thing. But aren't your analysis running into days and not hours? Since your 'w' pattern lines go over into other dates. Can anyone explain to me if it's 1week our hours… i'm trying to understand. Again please forgive me
This is so true, most of the videos just show past pictures and a lot of talk. It's rare to see people showing how things work live (let's not even mention the amount of scamers with demo results painted as legit).
Great work!
Hi James, enjoying your series so thank you for sharing. I am a little bit confused by what you mean with take profits with a double top. Are you looking to buy at the trough of the W from a double top?
James, thanks for the detailed info. very detailed. I greatly appreciate it. Again thanks
Sorry I deleted my comment coz I finished your video and I already got the answer. Tnx so much for the video.
Cheers buddy. Just watched this video, went to my screen and executed one. £114. Happy days. I'll buy you a nice single malt one day lol. Got to say your vids are very informative for newbies like me, no drops, no selling, just good basic info well presented. Well done.