I'm preparing a series of captures with real operations. I'm going to upload them in the thread so you can see how I apply each rule.
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I'm preparing a series of captures with real operations. I'm going to upload them in the thread so you can see how I apply each rule.
Do you use any indicators of support or is it purely price action?
Price action only. Sometimes I frame support/resistance zones in weekly, but I don't use indicators.
If you don't have solid backtesting data, it's just steroid intuition.
I have 8 months of demo operation and 3 months in real with this system. It is not perfect, but it is profitable with a 45% success rate and average RR of 1:2.3.
Do you go into the opening of the candle or wait for some movement?
I enter the opening if there is clear confirmation. If the previous candle closes tightly, I do not expect setbacks.
Did you test it in cryptos? Because that pattern is seen a lot in daily BTC.
Good observation. I�m starting to test it on BTC/USD and ETH/USD. Preliminary results are promising.
This is pure visual analysis. What happens when there is macro news and patterns break?