Howdy Folks,
Just wanted to share a high probability trading system to you. Its very simple, just pull out a 1hour chart any currency.
Now simply wait for a bull or bear candle to form, after it closes bullish or bearish, ITS MOST LIKELY the next candle will form bull or bear candle...theres some easy pips for you.
Examples:
Bull candle at 8gmt, most likely 9gmt candle could be a bull candle too.
Bear candle at 11gmt, most likely 12gmt candle could be a bear too.
Entry Exit Rules:
Bull candle --- Stoploss at the low of the previous candle, target 10-20pips or the close of the next candle.
Bear candle --- Stoploss at the high of the previous candle, target 10-20pips or the close of the next candle.
No trade --- If next candle starts to form against the direction of the previous candle.
Note: The best bull or bear candles are ones that are one-sided or ones that have little or no wick. (strong bull/bear candle)
More info, template and filters on this post --- http://www.forexfactory.com/showpost...&postcount=112
Happy Pippin
Just wanted to share a high probability trading system to you. Its very simple, just pull out a 1hour chart any currency.
Now simply wait for a bull or bear candle to form, after it closes bullish or bearish, ITS MOST LIKELY the next candle will form bull or bear candle...theres some easy pips for you.
Examples:
Bull candle at 8gmt, most likely 9gmt candle could be a bull candle too.
Bear candle at 11gmt, most likely 12gmt candle could be a bear too.
Entry Exit Rules:
Bull candle --- Stoploss at the low of the previous candle, target 10-20pips or the close of the next candle.
Bear candle --- Stoploss at the high of the previous candle, target 10-20pips or the close of the next candle.
No trade --- If next candle starts to form against the direction of the previous candle.
Note: The best bull or bear candles are ones that are one-sided or ones that have little or no wick. (strong bull/bear candle)
More info, template and filters on this post --- http://www.forexfactory.com/showpost...&postcount=112
Happy Pippin
prepare for worst & expect the best