Confirmation Entry Feb 9th, 2022

Home » Confirmation Entry Feb 9th, 2022


Here we had the classic DTFL setup, and as any DTFL member would know, this setup is the easiest to spot, especially when you have the stop run and confirmation both form in the first two or three candles in the candle count.

In this case, as displayed above, price made a valid stop run on the 1st candle of the count. However, it reset the count on the 2nd candle, making it the new number one candle followed by the confirmation candle (#2). This candle closed ten pips from the low of the entire formation, allowing us to trigger our entry immediately, as with an ADR (average daily range) of 60 pips, a 15 pips stop is perfect for the pair according to our rules.

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