1分钟三角 (1min triangle)

Hi

Long time since I posted a new thread mainly because Im happy with the systems I have

however whilst waiting for 5min trades to kick in I started looking at the 1min time frame

very simple this.... throws out good signals a brief explanation....

Time frame - 1min
Swap -I use EU
Start at London open stop at London close

Pattern

We look for 3 patterns

1 - A period in time when the candles start making lower highs and higher lows,if you daw theis on a piece of paper you wish see this creates a traingle with the 2 points meeting to the right

2- A period in time when the candles start making lower highs and lows are even ,if you daw theis on a piece of paper you wish see this creates a traingle with the 2 points meeting to the right with the bottom flat

3 -A period in time when the candles start making higher lows and highs are even ,if you draw theis on a piece of paper you wish see this creates a traingle with the 2 points meeting to the right with the top flat

In all 3 instances price is being compressed with buyers and sellers fighting it out

We take a trade when the price closes above or below our drawn lines stop is 1 pip above or below the drawn line

I do not trade for pips at all in any of my trading but for % gain

Therefore I risk 5% on every trade and close when I have hit 10% gain,this gives me a risk reward of 2;1 on every trade regardless of pip size

To help us determine the actual high lo of candles we just use a standard zig zag

I have been taking 10% min out of the market every day with this
Friday I took 30% return on account

Draw backs

Have to be on the ball with your chart,as soon as you see lower highs for example we draw our line and wait to see if we get a level bottom or higher lows

I then get a market order ticket ready and just click buy or sell when I get a candle that closes above or below my triangle

Depending on your broker you may not be able to set a hard stop esp if its close to the fill price so I manually draw on my SL and TP and get my ticket up again ready to close

Please dont try and replicate my exact trades it wont happen..

I try and look for patterns that have more than 1 candle between any AB BC CD DE etc etc point..these seems to be far more explosive

With patterns that go on AB BC CD DE etc you can ignore the 1 candle rule as in 2nd trade 2nd chart

Also some times price can make lower highs and lower lows and still end up meeting at point X this is still a compression pattern and an example is on the 2nd chart

It shows a loser and then a winner with the above shown

Have fun with it

If I have a signal with a stop loss of 6 pips my TP will be 12 pips if I win I gain 10% on return of account

If I get a signal with 60 pips stop loss my TP is 120pips if I win I get 105 return on account

In both cases I have risk just 5%

Im getting around 75 % winners in my chosen window or trading

P