The "Three bars" strategy

Hi all traders!
Today i would like to share with you a simple strategy which i use on 30 min or 1h charts.
You need three bar :
First bar make a max or min.
Second bar strong retrace.
Third bar go again up and the most of the time when it go up is only to make a double max/min or to make a fake break.
Remember all this candle must be in sequence , so first is the max, second the retracement and third double max or fake break.
Look this charts :

http://gyazo.com/e2ace90c67cfe4b56965b1b114309f81
http://gyazo.com/2ccf39219f630b6b482bc0a6d709ad7c
http://gyazo.com/b911c0c6dfa53fd5f50960902107e648

I hope you'll enjoy
bye

This is a real time trade , till now +30

http://gyazo.com/d45a2ab49f6b1e116e49efc862e6cc9e

Hi,

What is "First bar make a max or min"?

Thanks

Here is :
http://gyazo.com/a1ee3f3639f8a0c002695f1b58aabc47

Why not post your charts here?

because it's quickly for me to do in this way, you can see the image clicking on that link..

No thanks.

do you have an indicators for this?

gurudeva, thanks for sharing. As i understand your enter is on the fake break? How do you determine if the 1st candle is in max candle?

Three bars, as described above, is a frequently seen construction on most charts/pairs. More often than not it represents a potential reversal. However it is subject to a host of other modifiers that may delay , void or alter the outcome substantially. The positive of studying this pattern is that. given all the possible variations on the theme, the outcomes repeat in the same way 90% + of the time making it predictable and therefore tradable. Caveat: During periods of extremely high or extremely low volatility it has a tendency to breakdown , with a consequent rise in the failure rate. Constructions with 4,5, or more in a row each behave some what differently and should be traded differently than 3 in a row, however the outcomes are equally predictable.

Yes i enter in fake break or in double max , max candle is discretionary, you can help yourlself with bolliger band..

I use only bolliger band and the price.

Can u please show us where to enter and what will be the exit?
Hope u will show it with a chart...............
Thank you

Hi guru,

I am sorry. I dont understand it yet.
Please teach more clearly.

Thanks,
anton

There is no secret in forex , but often price can tell you all you need..
Scalping ,we risk 5-6 pips to take 15-20...

Hi guru,

What time frame you use?
Thanks,
anton

as i said in my first post i use 30 min e 1h, by the way you can use other timeframe as well...

"Second bar strong retrace."

How do you define strong retrace?

Hi Guru,

could you please explain your entries? I understand that your exit is SL 5 pips and TP 20 pips but after the 3rd bar how do you know when to buy or sell?

jangezkhan to undestanbd the entry, look at the last chart, you have to put a sell limit on the high price of first candle