{quote} See the two "attached image" links on the first post. The first HL/LH is at a turn in price at the end of a run (or at London open after a small fake out move), those that follow will more than likely be a break of a swing high/low. Even after a bit of a run if there is a weak CT move pre/early US session a resumption of the London session trend can just as easily resume. After US open (red line on above charts a different issue). What H1 candle stick patterns do you mean? I looked at many many patterns and got down to the 3 bar reversal...
now I would like to try trading a single H1 candlestick reversal pattern on M5 - doji, hammer, inverted hammer, hanging man, etc.
if we have such pattern, then we wait for the first HL or LH on M5, we set our SL over or below the last swing and TP size is equal to our SL... for me this is the easiest method, because trading M5 timeframe alone, without confirmation from the higher TF is too hard for me here's a screenshot of what I will try to trade - there was a bullish doji on H1 at 21:00 and my entry would be on the first HL with stop loss below the last swing (something about 10 pips):
Trade or not to trade - that is the question...
if anyone wants to know how to become a successful trader then study the new post 1 on this thread, it will work on any timeframe and any market you care to mention, its all you need to trade any market. However you will need a few hours of chart time with the right mindset and then add a spoonful of money management and you will have the perfect recipe for success... Bravo Mr V awesome thread......
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