15M TF Swing Failure Trading Example

3 mar 2016

In this idea I show you how I trade swing failure patterns.

This is good for any time frames but lower time frames are preferred.

Very simple idea yet works pretty nicely.

Let me know what you think.

3 mar 2016

Nota

There seems to have been a typo I didn't notice. Here's the updated idea + extra confirmation setup.

Sell Setup:

1 Price has to close lower than previous high candle (but still be within the previous candle).
2. After candle close, place a short and let it run to your target tp.

Buy Setup:

1 Price has to close higher than previous low candle (but still be within the previous candle).
2. After candle close, place a long and let it run to your target tp.