Hello Friends,
Hope all of you are doing great in trading...
Most of the traders, whom I met in Last 7-8 years are unaware about Technical Analysis and it's power. Most of the Teaching done in this field is done in the Market just to fool new traders and rob their money.. It is made so complicated that most of the traders run away from it.
Those who try to learn in any condition are always confused as they hear new terminologies daily and they get frustrated and lost in the World of Technical things..
Believe me friends, Technical Analysis is not that difficult and it does not require your charts to be always colorful and complicated to be perfect. It's a Simple thing and Keep it Simple. You are here to earn Money from Trading, Not here to write a Doctorate Document in Technical Analysis.
I want to share a Simple Bar Pattern with you all, which will generate amazing profits, if found and read clearly. First thing.. Most of you might have been worried hearing Bar Chart and Bar Pattern, no one here reads Bar Chart, All run behind Candlesticks only. I am happy with my Bar Charts since last 6-7 years and my trading predictions hardly go wrong. atleast I am enough Successful to make decent profits with a good success ratio.
Enough of the Intro Part and Let's Move to the Pattern
It's Called 3 in 1, yes you read it right .. it's 3 in 1 only.. What is the Pattern ?
Let me put a Picture of the Pattern..
This is the Pattern 3 in 1 bars...
How to read it and use it ?
This Pattern is good for Daily Chart, it allows you to enjoy bigger profits.
Read all the Pairs and Commodities Charts at the end of the Day..Watch last few Bars, 1 Bar (shown by arrows in the above picture) of any size must cover next min 3 Bars between it's High and Low... To Confirm, Draw Lines on High and Low of the Bigger Bar and Check if min 3 Bars are enclosed within these 2 lines. They may be Bull or Bear, No issues. If you find such a Pattern Keep if on Watch for the Next Day.. Mark the High and Low of the Bigger Bar or Keep the Horizontal lines as it is. If Next 1-2 bar Breaks the High or Low, it is assumed as Breakout.. If it breaks on upside, as shown in the figure, Longs are initiated with Stoploss at the Lows Marked for the enclosing Bar. If it breaks on Downside, Shorts are initiated with Stoploss at the Highs Marked for the enclosing Bar.
Ride the Wave and take out a few hundred pips.. :)
Let me show you an Example :
There is no need of any indicator, No Complex Chart, Just a Few Lines.. and You rule the World of Trading. A Few Trades Monthly Can make you a Millionaire, with proper Risk Management of course.
Happy ??
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