ADVANCED LEVEL
By
tymen1 at 2008-09-23
Knowledge Assumed :
Having read much of the Candlestick thread and being able to find quality patterns on the Bollinger bands.
Familiarity with the Starc bands.
Charts required :
1) The main chart with timeframe ranging from 20 minutes to 1 hour.
2) A 5 minute chart with the Starc bands on it.
3) The Starc retrace chart may be needed for reference.
Method :
1) Same as Basic Level.
2) Same as Intermediate Level.
3A) Same as Intermediate Level.
OR
3B) Same as Intermediate Level.
4) Same as Intermediate Level.
5) Same as Intermediate Level.
WATCH - Watch the Floating Profit/Loss in case of
break even for both amounts.
(Explanation is in Common Procedures above – methods 1 or 2).
6) Exit the 2 amounts when the price action hits the relevant Starc exit point.
Repeat steps 4 to 6 until the price action on the main chart starts to reverse or the candles are too far away from the pattern.