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  1. #1
    Rookie Member NewToThisWantToLearn's Avatar

    3 bars high strategy !!!

    Trying out the 3 bars high strategy again, having had a high percentage of success with it so far. Underlying trend on my daily chart is bullish. Past two hours showing a good bullish slope so at the start of the third bar, I place a Call with a one hour expiry.

  2. #2
    Legendry Member Michael Hodges's Avatar
    This is a tough strategy to master, candlestick signals on their own are very hard to trade. What other types of analysis are you using along with this?

  3. #3
    Specialist Member Million Dollar Baby's Avatar
    Quote Originally Posted by Michael Hodges View Post
    This is a tough strategy to master, candlestick signals on their own are very hard to trade. What other types of analysis are you using along with this?
    Very true. These candle stick patterns seem very simple to understand but, most of the times, produce a lot of fake signals. These are more like supports to your existing analysis. I love to use candlestick patterns in my analysis but always used them to support my analysis.

  4. #4
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Million Dollar Baby View Post
    Very true. These candle stick patterns seem very simple to understand but, most of the times, produce a lot of fake signals. These are more like supports to your existing analysis. I love to use candlestick patterns in my analysis but always used them to support my analysis.
    Exactly, three white bars or three black bars can appear anywhere at any time, this strategy is best when the market is trending strongly which it hasn't been in quite a while. Too much volatility and churn ...

  5. #5
    Rookie Member NewToThisWantToLearn's Avatar
    Hi Michael. Sorry, only just noticed that you have replied to this and a couple of other posts I recently placed. Can't remember exactly now but I'm new to binary options and have been making my way through the school, having recently finished the college section. I'm just playing around with various strategies including the best MACD entries, bogdan getsuga tensho, simple balanced system, fast moving average crossover, 60 minutes BB, floor trader strategy, 1-2-3 strategy and of course trend is your friend. I am also trying to learn a bit more about markets and trying to follow the economic calendar. Choosing the right expiry time appears to be a black art that eludes me for the most part but I'm persevering. Will keep an eye on future posts in case I hear from you again.

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