"Lucky pattern" - Simplest intraday price action pattern

[kuklovod2000]

Hello everybody, hope you all have a profitable day!

Today i want to introduce you a simplest, yet profitable pattern to trade on intraday chart :D. This pattern is not a everyday event, but can be a powerful addition for your trading arsenal. Dont trust my words, test everything yourself.

PAIR: EUR/USD, GBP/USD
Timeframe: 1H and 30MIN

The minimum knowledge to understand the pattern attached in PDF file ( with pattern examples).
You need to know what are:

• Impulse
• Strong intraday impulse
• “sprint” pattern.

1. find a impulse of 6 bars with the same color[same direction]. NO line bar in-between
   

   
   
   

2. The impulse must be a strong intraday impulse with a “sprint” pattern creating a new close price of the current day

3. 2nd bar and onward has to create a higher/lower shadow than a previous bar.[depend on direction]
   

   
   
   

4. 6th bar is our entry bar - enter after it close. 6th bar MUST CLOSE above the previous bar high/low. Entry bar MUST NOT be a doji bar or pin bar.
   

   
   
   

5. SL 1pips below/above the 1st bar. TP 1:1

Note: “sprint” pattern - big bar’s body must be bigger than any of it shadows.

Note: Best entries from Frankfurt session opens - Since we trade GBP and EUR, we want to make sure big players(bankers etc.) are there too.

Enjoy!

Price action prime.pdf (283 KB)

[kuklovod2000]

examples

[kuklovod2000]

recent one on GBP[buy] on 30min

[kuklovod2000]

Gbp buy m30

UPDATE

Maybe stop loss will hit later, but i did count 6 bars wrong, so readjusted the stop loss

[Exterior]

If you would’ve counted the bars correctly, your TP would have been hit, right?

But for your first chart in the last post (where you counted wrong) I have some questions. Beside the counting failure, how could this formation qualify according to your rules?

One bar in the middle doesn’t provide a higher high, so the formation wouldn’t qualify because of rule #3, right?

And if you counted right (starting with the first bullish bar after the single bearish one), then most of the rules are fulfilled, but the sixth bar is a pinbar, so there shouldn’t be a trade.

Am I wrong with those points?