Price-Actionclassic patterns.
daily charts.
CPR-
Green+level=buy
red+level=sell
pinbar
green pinbar+level=buy
red pinbar+level=sell
green ppr+level=buy
ppr-
red ppr+level=sell
IB- and OB-
green IB/OB+level=buy
red IB/OB+level=sell
third bar
green third bar+green cpr+level=buy
red third bar+redcpr+level=sell
3 candles green = buy, tp30 pips(gbpusd,gbpjpy)
3 candles red = sell, tp30 pips. (gbpusd,gbpjpy)
Pattern
3-Bar-Reversal-Pattern Strategy This startegy based on 3-day pattern reversal described in "Are Three-Bar
Patterns Reliable For Stocks" article by Thomas Bulkowski, presented in
January,2000 issue of Stocks&Commodities magazine.
That pattern conforms to the following rules:
- It uses daily prices, not intraday or weekly prices;
- The middle day of the three-day pattern has the lowest low of the three days, with no ties allowed;
- The last day must have a close above the prior day's high, with no ties allowed;
- Each day must have a nonzero trading range.
