THE only Pattern

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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

Click to Enlarge Name: 330.png Size: 55 KB

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

 

Attached File
File Type: tpl ATHEER 1H.tpl   215 KB | 1,802 download

Attached File

File Type: tpl ATHEER 1M.tpl   429 KB | 1,590 download

Attached File

File Type: tpl ATHEER D.tpl   216 KB | 1,119 download

Attached File

File Type: tpl ATHEER H4.tpl   215 KB | 1,166 download

Attached File

File Type: tpl ATHEER MONTHLY.tpl   88 KB | 976 downloads

Attached File

File Type: ex4 SweetSpots GOLD.ex4   11 KB | 1,414 download

Attached File

File Type: mq4 SweetSpots GOLD.mq4   4 KB | 1,559 download

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.