يورو / دولار أستراليتعليم
NE Candle Strategy 64% Winrate!
I present the New Event (NE) Candle Strategy. The strategy is simple and effective. It is leveraging the fractal nature of the market and the smart money concept of liquidity grabs. Below are my definitions for both if you are unfamiliar:
Fractal market: It's the phenomenon of the market presenting similarly with price movements mirroring those of timeframes higher and lower of a referenced timeframe at any point in time.
Liquidity Grab: The Smart Money Concept ( SMC ) that assumes price breaking structure as a form of manipulation by larger players only with the intention to trigger stop losses and limit orders to use for liquidity to move the market in a desired direction.
Definition of a NE Candle
Above you see that the candle that takes out the high and low of the previous candle is marked as the NE Candle. What is happening on a lower timeframe is price breaking structure in a liquidity grab to move the market in a desired direction. The rules of the strategy are below:
Rules
1) A NE Candle forms, meaning it takes out the high AND low of the previous candle.
2) You wait until a candle prints the THE SAME DIRECTION of the NE Candle (Signal Candle)
-Note: The body of this candle HAS TO CLOSE WITHIN THE RANGE OF THE NE CANDLE. If any candle closes outside of the range of the NE Candle before signal candle prints in the same direction the set-up is invalidated. This also include if a candle moving in the same direction closes outside of the NE candle.
3) Entry is at the high or low of the candle that printed in the same direction with body in the RANGE of NE Candle. the SL is place at the the lowest or highest price of either the NE Candle OR the candle in the same direction that closed within its range.
4) R:R is 1:1. You could BE at 1:1 and let price run. It is your choice.
Fractal market: It's the phenomenon of the market presenting similarly with price movements mirroring those of timeframes higher and lower of a referenced timeframe at any point in time.
Liquidity Grab: The Smart Money Concept ( SMC ) that assumes price breaking structure as a form of manipulation by larger players only with the intention to trigger stop losses and limit orders to use for liquidity to move the market in a desired direction.
Definition of a NE Candle
Above you see that the candle that takes out the high and low of the previous candle is marked as the NE Candle. What is happening on a lower timeframe is price breaking structure in a liquidity grab to move the market in a desired direction. The rules of the strategy are below:
Rules
1) A NE Candle forms, meaning it takes out the high AND low of the previous candle.
2) You wait until a candle prints the THE SAME DIRECTION of the NE Candle (Signal Candle)
-Note: The body of this candle HAS TO CLOSE WITHIN THE RANGE OF THE NE CANDLE. If any candle closes outside of the range of the NE Candle before signal candle prints in the same direction the set-up is invalidated. This also include if a candle moving in the same direction closes outside of the NE candle.
3) Entry is at the high or low of the candle that printed in the same direction with body in the RANGE of NE Candle. the SL is place at the the lowest or highest price of either the NE Candle OR the candle in the same direction that closed within its range.
4) R:R is 1:1. You could BE at 1:1 and let price run. It is your choice.
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