Head and shoulders scalp system m1

Hi. head and shoulders(also inverse) is popular. attached is a formation on m1, and to scalp. initial target of 15-20 pips is fine and sell 1/2, or whatever exit you choose.

We are entering (long/short) aggressive on the right shoulder, and hoping for a trend reverse. if it doesn't reverse it is false signal which do occur as well.

but its also powerful, as it gives very early entry, and good risk to reward ratio.

Additionally you can look for S&R level but that is subjective...

Attached are three examples in my main currency pair AUD and a good h&s on JPY. it can work on any pair. the better the structure, the better the move sometimes...patience is key...AUD setup gave over 50 pips and superb entry, at a key S&R level 10360..even though trending down, pair was ranging allowed success...JPY pairs have been trending 1 direction, so H&s counter trend had to be fast scalps...

moving averages just used to gauge trend.

For LONG: Go long on completion of right shoulder of the pattern, on bullish candlestick bar close.

for SHORT: Go short on completion of right shoulder of pattern, on bearish candlestick bar close.

Target 15-20 pips.

http://s4.postimage.org/yots2ltr1/h_s1.gif


http://s12.postimage.org/e8ss9b3rh/aud2.gif
upload

another one on AUD, at same level of support...counter trend trades are safer on ranging currencies like AUD...

http://s18.postimage.org/60si7vjgp/audh_s2.gif
photo uploader

so, where is the head and where is the shoulder on your chart ?

hi it has been labelled with numbers in the first two charts.

i have been asked this question before. a head and shoulders doesn't have to be exactly textbook. its roughly head and shoulders.

thanks.

There are many head and shoulders on your charts. There are head and shoulders after your examples that would have flipped your positions long before your targets were reached. I think H&S are worthwhile but lets be realistic about it

definitely am realistic. i stated in my original post it is risky to counter trend. but these are valid examples, that proved good enough for getting pips. of course there will be loser examples what system has no losers.

re- head and shoulders after my examples, looks like 15-20 pip target is achieved though.?