THE only Pattern

The only pattern You need to trade.............................


I am using a grid on all my charts..............
for 1min it is 1 pip grid
for 1 hour it is 10 pip grid
for daily it is 50 pip grid
for monthly it is 500 pip grid
my S and R lines are at those lines It can not be anywhere else on the chart only at those lines...........the other factor needed to determine those S and R line is the price...........so digest that to go to the next part


The candle upper wick is the result of selling overcoming buying...........
The candle lower wick is the result of buying overcoming selling............
If one candle upper wick touches or passes through our lines that line is a R..............
If one candle lower wick touches or passes through our lines that line is a S...............
If more than one candle upper wicks touch or pass through the same line that increases the importance of this R line.......
If more than one candle lower wicks touch or pass through the same line that increases the importance of this S line.......
The lower the time frame where these events happen the lower the odd that a R line or S Line will hold the price............the higher the time the more the odds.............
our setup is a candle hitting a R line followed by a candle reversing down to below the 1st open...........so the odds that the price will continue down for some time is higher than the reverse...............
Or a candle hitting a S line followed by a candle reversing up to above the 1st open...........so the odds that the price will continue up for some time is higher than the reverse...........


Our entry to a trade:
***find R/S lines in one hour chart..................
***wait for the price to come to those levels...........
*** watch the reaction to those lines on one minute chart............
***if you have the setup on one minute chart at the line or slightly above or below i.e you have a reversal take the trade sell for R and buy for S
***for your stop it can be above the setup in selling or below the setup in buying especially if you are a scalper..........but if you trading for more shot put your stop according to 1 hour chart it is highly variable but one of the ways to do that is to put it above the highest candle upper wick that penetrate the R line in selling and below the lowest candle lower wick that penetrate the S line............
***I prefer to be scalper and the swing trader at the same time buy applying the second method of stop determination......
*** TP take scalp if the market let you and leave some for runner
*** when you have a run protect your trade as soon as suitable

Buy.................

*** One bear bar hitting the line with its lower wick.............
*** One or (more) bull bars closing above the bear bar open............(less is more)
*** Take profit take what you can take
*** Stop below the bear bar

Sell............

OPPOSITE
SIMPLE

Any time frame is ok................For me I prefer 1 min and 1hour chart..............
Line intervals on one minute is 1 pip ........... one hour is 10 pip
KIS and you will see the difference in your trading results..............

You don not need any indicator to tell that the price is turning...............

more screenshots please thanks

It is not the fault of the system......................or the broker.....................
It is you.....................
Most of the time exit is the hard part............not entry
accept loss per your rules.............don't wait for the trade to turn
take some profit early and let some to run
that is it

It is anywhere in the chart don't chase colorful charts

template and indicators please atheer?

I've always felt comfortable with Bollinger Bands, and this is yet another approach...thx for the perspective.
One clarification on the setup, and you might include this with another screenshot of those setups that don't meet the criteria.

Is it ONLY the wicks that need to penetrate the outer band. If the bar also penetrates, is that not considered a good setup?

Now what I need is a BB indicator with an alert that will let me know when the outer band has been reached/exceeded...know of any?
This way I can monitor multiple pairs.

What are your BB parameter settings?

WICKS NEED TO PENETRATE THE LINES NOT BANDS............BANDS COULD ADD TO THE PROBABILITY
YOU MAY FIND THE OPPORTUNITY NOT AS REVERSAL BUT AS CONTINUATION OF A MOVE
THE LOGIC BEHIND THIS IS EVIDENT AS LOWER WICKS IN BEAR CANDLES SHOW THE ACTION OF BULLS AND THE SUBSEQUENT BAR(s) CONFIRM THEIR DESIRE AND THE OPPOSITE IS TRUE FOR BULL BARS

20,0,2 STANDARD

Why not there sell? Its easy on historical chart....

From the quote above..."Wicks need to penetrate the lines not BANDS".....I think you meant BARS instead of BANDS, correct?

Yes these are right setups..... all of them where profitable for some time........but you did not notice reversal trades of the same pattern against those trades which can be early seen on other time frames.
So the result of those trades was not because of bad entry but because of your further reaction to further price action

Spend your own time to learn trading, go to internet, spend your own screen time....

As an answer to your question and a gesture of my generosity i will tell you: Normal traders usually buy in an uptrend and sell in downtrend...others do whatever...
on your picture where are circles is uptrend.