Showing posts with label abc patterns. Show all posts
Showing posts with label abc patterns. Show all posts

This is a very high frequency system and we don't like to call these on text. We prefer to use voice chats to call these entries and exits because it's very high speed. Over the course of an hour we could have 3 entries and exits. Typical trade times are under 10 minutes. First we look to the stochastics from the 5 minute 15 minute and 1 hour charts to see their direction. We always trade in the direction of the 5 and 15 minute stochastic. We identify the ABC pattern on the 1 minute chart and then draw an equidistant channel from the highs in an uptrend and place the parallel on the recent low. A break and close below the parallel is an entry short. We target ABC patterns for profit. These moves are very fast as you'll see in the video.



This is an intro to how we trade on the 15min EURJPY. Mainly what we do is look for ABC patterns and draw trendlines then wait for a close on the other side of the trendline to enter. We will also play a bounce if the ABC is playing out on top of the upcoming trendline. We're looking for a few professional traders to join our free, closed group to monitor multiple forex pairs. We'll monitor S&P and Gold only as a proxy to the FOREX market.

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