hello everyone
a couple of weeks ago. i've found a new 8 strange candle patterns that happens one time each day and it helps you to make at least 10 pips a day
trying the method on 15 Pairs means 15 trades a day and 75 trades every single week!
so let's get started !
first of all. you don't need any indicators to apply. a clean chart on H1 Time is enough (with a cup of coffee)
now let's take a quick look at the new patterns :
a little bit strange right ?. no problem , i will clarify everything now
Entry Rules :
NOTE* : before you try to trade these patterns, keep in mind that your entry will ALWAYS be on the 9'th candle each day
1 : once the 9'th candle is opened , check back for the last 3 candles and match the patterns with the picture above
2 : open a trade according to the picture and set a 10 pips TP and 10 pips SL (remember your SL level , you'll need it later)
3 : set a opposite pending order with x2 or x3 of your initial lot size and 10 pips TP and finally set your SL Below/Above your initial trade SL + 5 pips
4 : if your initial trade hit the TP then cancel the pending order
some examples of correct entries :
NOTE* : the main reason behind setting a pending order is that if the pattern hit your SL , it will move strongly the same way. so setting a opposite pending order will cover the losses and gain a profits
entry examples with pips calculation :
let me know your thoughts
a couple of weeks ago. i've found a new 8 strange candle patterns that happens one time each day and it helps you to make at least 10 pips a day
trying the method on 15 Pairs means 15 trades a day and 75 trades every single week!
so let's get started !
first of all. you don't need any indicators to apply. a clean chart on H1 Time is enough (with a cup of coffee)
now let's take a quick look at the new patterns :
a little bit strange right ?. no problem , i will clarify everything now
Entry Rules :
NOTE* : before you try to trade these patterns, keep in mind that your entry will ALWAYS be on the 9'th candle each day
1 : once the 9'th candle is opened , check back for the last 3 candles and match the patterns with the picture above
2 : open a trade according to the picture and set a 10 pips TP and 10 pips SL (remember your SL level , you'll need it later)
3 : set a opposite pending order with x2 or x3 of your initial lot size and 10 pips TP and finally set your SL Below/Above your initial trade SL + 5 pips
4 : if your initial trade hit the TP then cancel the pending order
some examples of correct entries :
NOTE* : the main reason behind setting a pending order is that if the pattern hit your SL , it will move strongly the same way. so setting a opposite pending order will cover the losses and gain a profits
entry examples with pips calculation :
let me know your thoughts
Think Twice , Code Once.
