Hell’s Angel
This technique can be a good technique if used properly especially the basic. Candlesticks shows formation and trading opportunities. It is important that we must know these things. This system show how to properly use it.
Valid forms of Candle:
- green one it call VALID GREEN.
- red one it call VALID RED.
Invalid forms of Candle:
- Invalid forms of candle doesn’t have to be name because it is an exit signal.
VALID TREND
- View a 15 minutes chart.
- Observe if valid green trend will up
- if valid red trend will down
Entry rules:
- Make sure no wick at the early candlestick
- make sure candlestick 15 is still valid
- it is more valid if m1 is valid
EXIT POINT.
Exit with validity at candlestick M1 or M5.
For scalpers, exit position must be base M1.
If you like swing, exit must be base M5.
This system has 83% success rate. It would be best if right money management is observed.
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