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Finding the floor price

Discussion in 'Trading Strategies/Systems' started by Gringotts Bank, Nov 5, 2019.

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  1. Gringotts Bank

    Gringotts Bank

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    Interested to hear your approach to finding a bar whose lows are unlikely to be easily breached.

    My usual method is:

    1 - stopping volume
    2 - pin bar (ie. wide ranging bar with a close in top half of the range).

    Standard stuff.

    Can you share what you do to find a solid floor price?

    cheers.

    (tip: Constantinople in the 'Cup)
     
  2. Austwide

    Austwide

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    Still new to this so the floor may be a bit gerry built

    I look for reducing candle sizes as it falls, the last with a long bottom wick.
    Pretty much the same as GB's, reducing strength and a form pin bar.
     
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