DislikedHey Golfer
What is the trigger that gets you in the 3 sisters trade? Looks like it is a reject from 21 ma on the 3rd sister, am I correct?Ignored
Yes, this one was a bounch of the 21MA.
What I'm looking at is:
Wait for the third sister to be formed:
In this case the blue candle with the tail was the 3rd sister. But now you want to make sure that it was the 3rd sister. You could have entered on the red candle just after the blue candle (3rd sister) but I wanted to make sure the 3rd sister was completed. Sometimes it is possible for the next candle to move pass the previous high (sister 2) and then the pattern (3 little sisters) is cancelled.
Look for some sort of resistance/support:
Therefor you need to wait for a confirmation of resistance/support after the 3rd sister was formed. Look for a bounch of the 21MA or even from the 10MA for an entry point. A pullback (next candle) through the war zone after the third sister was formed could also be used as an entry.
In this case it came from the 21MA. The resistance found on 21MA was my confirmation and my entry was on the second candle after the 3rd sister.
Willem
Forex recipe for success = Patience, discipline & hard work.