Why We Enter Trades with a Double Confirmation in the Duomo Method
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- เผยแพร่เมื่อ 22 ก.ย. 2024
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Let's go through the basics of double confirmation for trading with the Duomo Method. This is a fundamental part of how we trade, as it means we can reduce our level of uncertainty and potential for trader error.
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Would be better showing it on a chart
real ones got what he said
No questions on trading, , you got any video on how to get great biceps?
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great vid! so the more tools you use the more likely you are to find the double confirmation. interesting how you used the 27.2 as in your live video as double confirmation. did not know this could be done. would love to know more about the advanced methods on this also
Scott Lopez No thanks. I'm only interested in the Duomo Method. They are one of the few genuine trading courses
It's not necessarily the more the better, but it definitely helps to have at least double confirmation. Remember the 3 factors we want to have on our side, one of those is the path of resistance.
Dang it. I have to re-watch the whole video again and again. can't concentrate while those biceps are in the way. LOL
@French Fry lol good one
Fucking gold!!! You only understand once you develop the knowledge and skin in the game
Can double confirmation come from a type 1 or 2 close at a level where 2 different retracement levels from separate Fibonacci ranges meet?
The duomo method doesn't trade the retracement levels just the extension levels
what's would be the best moment to enter a trade? if you wait too long you won't get a good price when filled, but if you're entering before the second conformation you might end up in a consolidation right? so how do you you know when it's the best moment to enter?
We would enter the trade as soon as the setup candle closes - Harley
so is a double confirmation about two candles appropriately closing on one sig level or one candle closing on two sig levels
Unfortunately, our amount of self-control is limited - it’s those who can manage their self-control effectively that are able to perform the best in the markets.Self-control is a powerful resource that is incredibly fragile...A double confirmation bottom signals bearish exhaustion and is formed when the bulls start to take control at a specific support level. The bears drive prices down into this support level where the bulls step in and drive prices back higher, this bullish rejection of support creates the first ‘V’ shape trough. . if you want to learn in depth,i highly recommend you to join IQD Momentum strategy course ordered by Lukasz Wilhelm. search google for it.
What about using the volume profile? Wouldn’t that indicate a significant level based simply on the amount of trades at a given price?
We do use the volume indicator and we would expect a spike in volume at the significant level. However, that’s not always the case. - Harley
I lost a few trades this week using only single confirmations (type 1 & 2 closes). Better to wait for the double confirmation. I can see its summer in the North..suns out guns out.
Yes too much room for error with single confirmation!
LOL. if it isn't one thing it's always something new dang it.