BUYING
Only BUY when the signal appears.
Set your Stop Loss about 3 pips below the bottom of the (triangle) signal and leave it to run. Be patient!
Note: The bigger the candlestick, the bigger your Stop Loss will be which means a higher risk!
I would recommend using the Take Profit target below.
SELLING
Only SELL when the signal appears!
Set your Stop Loss about 3 pips above the top of the (triangle) signal and leave it to run. Be patient!
Note: The bigger the candlestick, the bigger your Stop Loss will be which means a higher risk!
I would recommend using the Take Profit target below.
CAN BE TRADED ON ALL CHARTS (M15 Preferably)
TAKE PROFIT TARGET
10 - 30 Pips per signal (ideally 15 Pips)
STOP LOSS SETTINGS
As stated in Entry Rules above or 3 pips below (if buying) the last swing low OR 3 pips above (if selling) the last swing high.
Best to trade in trend direction.
KEY POINTS
Start with the H4 (4 hour) chart as your main market structural map to confirm the trend of the market.
Look out for a change in direction of the market or a Pullback on the H4 chart.
Best NOT to trade against the trend!
If in doubt, for more confirmation of the signal, wait until after close of the candlestick with the signal before entering a trade. (Depending on the momentum of that candlestick as you could be loosing valuable pips)
This Strategy works best for traders that prefer to Scalp and also for Intraday trading.
Be patient and Wait for the signal!