Trading strategy – 3 candles

Very Simple forex trading system – simply look for 1 of 2 candle formations at or near the Bollinger band (in this case the default 20)
You are looking for either 3 consecutive bulish candles for a buy, 3 consecutive bearish candles for a sell – that’s it!

Trading strategy - 3 candles buy
Trading strategy - 3 candles sell

Things to note. On the larger moves, the price WILL retrace. Best thing to do in this situation is when you see this happen (typically 1 or 2 candles in the opposing direction) simply close the trade and re-enter when the price has returned to the point where the change started. as for exit strategy – a lot of the time you can count on approx 2 – 3 times the value of the retracement (e.g. if the price retraces 10 pips, then you are looking on the re-entered trade of a TP between 20 – 30 pips!
You can use ANY 3 consecutive candles, however this works best when the price has just “bounced” off the Bollinger Bands.

Happy Forex trading!

1 Star2 Stars3 Stars4 Stars5 Stars (2 votes, average: 1.50 out of 5)
Loading ... Loading ...

6 Responses to “Trading strategy – 3 candles”

  • Pharmk344:

    Very nice site!

  • gbp/usd:

    Thanks for any other informative site. The place else may just I get that kind of info written in such an ideal means? I have a project that I am simply now running on, and I’ve been at the look out for such info.

  • Kassie:

    Awesome site you have here but I was wanting to know if you knew
    of any forums that cover the same topics talked about here?
    I’d really love to be a part of group where I can get opinions from other knowledgeable individuals that share the same interest. If you have any suggestions, please let me know. Thanks!

    Check out my homepage; million dollar pips review

  • Maura:

    I am in fact thankful to the holder of this website who has shared this great piece
    of writing at here.

    Feel free to surf to my web page Health

  • Anjhelo:

    I don’t know about buying a forex trnnaiig course when theres so many resources on forex online. Here are some of the sites that i use to teach me more about forex/sharetrading. The websites below have very helpful resources regarding currency trading theyre all free! I’ve personally found them very useful in learning about forex trading and its sharetrading counterpart.

  • Nadeen:

    Forex Market Trading is one the things that I find very hard to undarstend. But the idea in the article is very accurate and informative. A must read article. Thanks!

Leave a Reply

LondonForexThe Smart FXAutoRun
ForexHosterForex AmbushBankingFX
Popular Posts

Forex Strategy Builder

Forex Strategy Builder is a platform for creating, testing and analysing trading strategies for the forex market. It provides an easy way of building forex strategies by

Average Hourly Earnings

Indicatoris Average Hourly Earnings expressed in the form of absolute index value in relation to a previous period, and can be view as an indicator of a potential inflati

Accelerator/Decelerator Oscillator

One of the last elements which is possible to change is price. When the price changes, the market driving force starts modification, and prior this process beginning, the
Recent Posts

Depression Caused By Other Health Conditions

Do you suffer from a serious health condition? If yes, you are more likely to develop depression. Read... 

Private Debt Consolidation

When it comes to private dept consolidation, it is essential to understand how your interest rate is... 

What Does Debt Review Mean?

Debt review can solve your financial problems. Unfortunately, many people are not aware of the advantages... 

Amazing Ways To Solve Your Credit Card Bills

If you are one of those who get extremely frustrated due to huge credit card bills, then be aware that... 

Tips On How To Buy Silver

A lot of different people want to buy silver these days. It is not just the coin collector, or the guy... 

Recent Comments
Vachement intéressant : ʝe crois que ce pߋste devrait intéresser mon meϲ Look іntߋ my web site ... jeune pute
After looking at a few of the articles on your web page, I truly like your technique of blogging. I book marked it to my bookmark
Еxcellent poste : encore une fois My web-sitе X
Jе finirai de regarder çadans la soirée my web site jeune suceuse
С'est bizarre je ϲomρtais faire un petit article identique au votre my web blolg -
Highest Rated Content