audusd.15M. deep crab pattern

FX:AUDUSD   Dolar Australia/Dolar U.S
Simplified harmonic trading,

Here's the deep crab pattern.

Step#1 Identify a harmonic pattern placing D at the XA retracement/extension level of the PRZ.
Step#2 Draw the target levels stretcing fibs from the A to the D and enable -0.382 level to calculate the equal distance between the D and target#1 and the D and stop level.
Step#3 Draw the blue rectangle between the D and Stop level.
Step#4 Entry technique: Wait for one of the following candlestick reversal patterns to appear inside of the blue rectangle: a) hammer/shooting star b) pin bar c) bearish/bullish engulfing d) dark cloud cover/piercing patterns. They should appear on the top of a peak or at the bottom of a valley. Avoid the formations within sideways movements. Only enter if the candlestick pattern closes inside of the rectangle . If it goes above it then wait for price to come back inside of the rectangle and form another candlestick pattern. As the initial distance from the D to the target 1 equals to the D to the stop level and you enter only beyond the D thus you will ALWAYS have a positive reward to risk ratio.
Step#5 Trade management: Unlike advanced patterns in this strategy no target adjustment is needed. When target one is attained then close half of your position and place the stop of remaining half to the D. Thus you will garantee some profits because your entry was beyond the D.
Step#6 Exit technique: Simply wait for priceaction to hit one of your levels: either stop or target

The strategy is 49,6% accurate this means that small losses will appear pretty often. But when targets are attained they are great thus the equity curve recovers the drawdown pretty fast. To tell the truth none of my strategies gives the same smooth movement of the equity curve.

I entered a the first hammer close and price went a bit lower. So this is an at market opportunity. Risk/Reward= 1.41

Best Regards,
Alexander Nikitin, a professional trader and a programmer.
Dagangan ditutup: sasaran tercapai: closed half, moved the stop to the D
Dagangan ditutup: sasaran tercapai: closed the second half at the D.
This pattern was found by the MPS-v5.5 pattern recognition software:

Learn the patterns for free. Click the education tab:

Free Telegram channel:
Always love your analysis, thanks Alexander_Nikitin!
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar