rules for 3 rd barts strategy
TRANSCRIPT
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8/18/2019 Rules for 3 Rd Barts strategy
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3rd Bar Entry Trend Strength Technique
Long Trades
1.SFX TOR yellow line below red line and both under blue line(range/consolidation)2.Loo at !rice "or 2 consecuti#e bullish candles
3.SFX yellow line crosses $% red line &'/OR Trend Strength shows Green ar "or con"ir*ation.To be sa"e you should wait until you get both o" these con"ir*ations
+.ullish candle closes outside congestion ,one-.atch out "or strong resistance le#els to be sa"e
.Tae 0all trade right a"ter candle 2nd consecuti#e bullish candle closes because that 3rd candlewill be your trade. nter 13 candle e4!iry
Short Trades
1.SFX TOR yellow line below red line and both under blue line(range/consolidation)2.Loo at !rice "or 2 consecuti#e bearish candles
3.SFX yellow line to crosses $% red line &'/OR Trend Strength shows Red ar "or con"ir*ation.
To be sa"e you should wait until you get both o" these con"ir*ations+.earish candle closes outside congestion ,one-.atch out "or strong su!!ort le#els to be sa"e
.Tae %ut trade right a"ter 2nd consecuti#e bearish candle closes because that 3rd candle will beyour trade. nter 13 candle e4!iry
There are basically 4 confirmations which are:
1. Two consecuti#e candles o" sa*e color(strongest)
2. SFX yellow line crosses $% red line(second strongest)
3. Trend Strength shows ar (second strongest as well because it is tied with SFX)
+. 0andle closes outside congestion ,one(third strongest. This is the weaest)
5" you get 2 out o" the + con"ir*ations 5 would say its a good trade but i" you want to be sa"e and wait "or 3or + out o" the + con"ir*ations then that is u! to you. 6ou decide how *any con"ir*ations you want and asyou !ractice you will get used to the syste* and see how *any o" the + con"ir*ations you need.
NOTE***: If within 4 CONSECUTIVE candles you don't get at least 2 out of the 4 confirmations FORGET
the trade and wait for another set up