Requirements
1. Knowledgable on Pullback strategy ( S Pattern)
2. Knowledgable on Fractal Strategy
3. Knowledgable on MA crossover
Tools
1. MA 20 and 50 (cross over)
2. MACD (confirm cross over)
3. Fractal (Entry Point , Stop Lost)
4. Fibanocci (Identify Retracement)
Plus Factor
1. Support and Ressitance on Multi time frame
2. Pattern trader
Rules and Guide
1. Full Head and shoulders is form
2. Get the neckline Horizontal and Diagonal if Head and shoulders is in diagonal
3. Neckline to Right shoulder mark as the Head of S pattern
4. Right shoulder is the Wings of S pattern
(To Identify Potential Retracement after neckline)
5. Get Fib Extension and measure the Neckline to Right shoulder
6. Identify 1.27 and 1.618 extension a guide that the market will retrace back to neckline
7. The feet of the S Pattern start in 1.27 minimum and Maximum 1.618
8 Measure Right Shoulder to Feet to get Area of Potential entry point 38.20% to 61.80%
(Confirmation of entry point)
9. Feet is on 1.27 minumum area Max 1.618
10 Retrace between 38.20% Min Max to 61.80% (tail of the S pattern)
11. Proceed to 15min time frame Find Crossover 20 and 50 MA
.Macd must support Crossover above 0 for cross over up below 0 Cross over down
IMPORTANT
(find crossover that MACD support befor proceed on next confirmation)
12.Turn on Fractal to identify potential entry
13. Entry right after 2nd Retest Stop lost on Rejection
14. Retest and Rejection fractual must not be greater than 30pips
(MUST TO DO)
Retracement 38.20% will give you Entry point but be aware that maket could move retracement to 61.80%.
1. Always Move Stop Lost to the Profitable location once you reach the Price that you Risk.