Anyone use the evening star and morning star patterns on your trading? I have been using that along with trendlines and s/r and been having really good results with the trades. I usuall take them off the 60 min and sometimes 15 and 30 min. They are pretty reliable. I try to take them in over sold and overbought conditions with the stochs for better probability. Works great in a ranging market and pretty good in a trending market, but in a trending market rely less on stochs and more on trendlines and s/r. Personally I take the star which would be the middle bar and generally take the trade as soon as the third bar (in case of a short for example) trades below the body of the middle bar( the actual star) I have my stop loss at the high of the middle bar and as soon as it goes in my favor I start to bring the s/l down very quickly. You might get stopped out sometimes quicker by doing the but it will be a small loss and when these run they run well. So its good r:rI try to bring stop to b/e as soon as possible. Prety high reliabilty on the 60 min. As well as 30 min. I am a scalper by nature but this has tremendously lowered my stress level and made my profit level go up big time. I watch a bunch of pairs so you have plenty of oppurtunities all day long no matter the session. I will take 15 min clearly defined. Just wanted to know of anyone else is doing this. I was on a 5 min time frame but to manyy false moves and the longer time frames used to make me cringe but wow, it helped me a lot with discipline and making money which is the name of the game.
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