Intrabar VPOC and PinBars
RULES
NO Trolls.
NO discussion of other non related systems.
NO discussion of commercial materials (Brokers, Paid Products, etc)
NO attacking and disrespecting other members.
You can add tweaks to the system, but NOT change the Main Concept!
Sharing other indicators not related will be ignored.
This group focus on manual leaning approach, automation is not the strategy
Using the thread as means in getting monetary benefits like donations
RULE BREAKERS WILL BE IGNORED WITHOUT NOTICE!
Disclaimer - Trading is not my only source of income. I like to test systems, it's part of the fun for me. I'm not claiming this is a perfect system, but it gets you on the right side of the market a very high percent of the time. Most importantly, please add, remove or modify anything surrounding the system as long as the core concept remains - we're all here to make as much money as possible.
The concept of profiting from traders who are trapped in a losing position is simple. These traders, by virtue of being on the wrong side of the market, can help propel your trade when they hit the exits. This is reversal strategy that focuses on exploiting trapped traders by utilizing two core concepts.
VPOC:
When points of control are at the end of a candle range (wick tail) and candle closes at the other end, this serves as an indication of market participants trapped in an awkward position. When price runs away further from these trapped participants, they are eventually forced to cover and drive price even further to the opposite direction:
PinBars:
A bullish Pinbar shows rejection of lower prices. The lower wick of the pin bar candle shows the bears were in control earlier but was eventually overcome by the bulls.
A bearish Pinbar shows rejection of higher prices. The upper wick shows the bulls were in control earlier but was eventually overcome by the bears.
Traders should be able to identify PinBars, however feel free to share any indicators that seem to help.
Timeframes: Discretionary, seems to work great on any time frame.
Long Rules: Wait for a Bullish Pinbar to close with VPOC closing on the far end of the wick.
Short Rules: Wait for a Bearish Pinbar to close with the VPOC closing on the far end of the wick.
Exit Rules: Discretionary, however if trading higher time frames you can try exiting the first candle that closes in profit. Stop loss can be high/low of trigger candle or 1x ATR.
Link to VPOC Indicator (https://clusterdelta.com/download)
Or download here if it works
RULES
NO Trolls.
NO discussion of other non related systems.
NO discussion of commercial materials (Brokers, Paid Products, etc)
NO attacking and disrespecting other members.
You can add tweaks to the system, but NOT change the Main Concept!
Sharing other indicators not related will be ignored.
This group focus on manual leaning approach, automation is not the strategy
Using the thread as means in getting monetary benefits like donations
RULE BREAKERS WILL BE IGNORED WITHOUT NOTICE!
Disclaimer - Trading is not my only source of income. I like to test systems, it's part of the fun for me. I'm not claiming this is a perfect system, but it gets you on the right side of the market a very high percent of the time. Most importantly, please add, remove or modify anything surrounding the system as long as the core concept remains - we're all here to make as much money as possible.
The concept of profiting from traders who are trapped in a losing position is simple. These traders, by virtue of being on the wrong side of the market, can help propel your trade when they hit the exits. This is reversal strategy that focuses on exploiting trapped traders by utilizing two core concepts.
VPOC:
When points of control are at the end of a candle range (wick tail) and candle closes at the other end, this serves as an indication of market participants trapped in an awkward position. When price runs away further from these trapped participants, they are eventually forced to cover and drive price even further to the opposite direction:
PinBars:
A bullish Pinbar shows rejection of lower prices. The lower wick of the pin bar candle shows the bears were in control earlier but was eventually overcome by the bulls.
A bearish Pinbar shows rejection of higher prices. The upper wick shows the bulls were in control earlier but was eventually overcome by the bears.
Traders should be able to identify PinBars, however feel free to share any indicators that seem to help.
Timeframes: Discretionary, seems to work great on any time frame.
Long Rules: Wait for a Bullish Pinbar to close with VPOC closing on the far end of the wick.
Short Rules: Wait for a Bearish Pinbar to close with the VPOC closing on the far end of the wick.
Exit Rules: Discretionary, however if trading higher time frames you can try exiting the first candle that closes in profit. Stop loss can be high/low of trigger candle or 1x ATR.
Link to VPOC Indicator (https://clusterdelta.com/download)
Or download here if it works
