hello Max,
somebody mentioned fractals and you wanted to have a higher rate of success in trading the pattern.
maybe have a look at "the system" by feb2865, a very simple plan without any indicators, just price action.
he gets a higher succes rate by:
trading on the daily charts
trading with the trend
after the fractal, he wants a 2nd candle in the direction of the trend and he enters if the high breaks of the second candle. stop loss under the second candle.
add-ons after retraces and consolidations
not a lot of trades, so you got to be patient. in the meantime the trades earlier in the trend are making you a lot of money.
Pringle is another way to go: price action - no indicators - good for 4H and up.
set-up example also in feb`s thread.
somebody mentioned fractals and you wanted to have a higher rate of success in trading the pattern.
maybe have a look at "the system" by feb2865, a very simple plan without any indicators, just price action.
he gets a higher succes rate by:
trading on the daily charts
trading with the trend
after the fractal, he wants a 2nd candle in the direction of the trend and he enters if the high breaks of the second candle. stop loss under the second candle.
add-ons after retraces and consolidations
not a lot of trades, so you got to be patient. in the meantime the trades earlier in the trend are making you a lot of money.
Pringle is another way to go: price action - no indicators - good for 4H and up.
set-up example also in feb`s thread.