Forex Zone - Forex Forum

breakout 7 candle same color

Discussion started on Trading Systems

  • Hero Member
  • Posts: 5458
  • Points: 1753
  • Likes Received: 554
  • Reputation: +22/-18
The previous 7 candle breakout is a technique using the previous 7 candle reference to be used as a reference for the next trend then where the open position is, the open position is when the 8th candle breaks one of the top or bottom breaks of a trend. There are no standard rules for candle type rules that are included in this technique but my advice is to choose 7 candles with the same dominant color, if red, all red

Linkback: https://www.forex.zone/trading-systems/10/breakout-7-candle-same-color/3436/
#1 - July 03, 2021, 12:55:08 AM
Attachments:

  • Sr. Member
  • Posts: 365
  • Points: 624
  • Likes Received: 2
  • Reputation: +0/-0
the explanation is still lacking, try using the period separator then mention the time frame used
#2 - August 07, 2021, 01:29:48 AM

  • Sr. Member
  • Posts: 365
  • Points: 624
  • Likes Received: 2
  • Reputation: +0/-0
To be honest, a pattern like this appears very rarely because it waits for quite a lot of unidirectional candles


#3 - August 11, 2021, 02:19:27 AM
Attachments:

  • Newbie
  • Posts: 41
  • Points: 0
  • Likes Received: 2
  • Reputation: +0/-0
can this strategy be used by all pairs and even crypto?
#4 - November 21, 2021, 01:10:46 AM

  • Jr. Member
  • Posts: 65
  • Points: 665
  • Likes Received: 2
  • Reputation: +0/-0
Good strategy, you need to try this strategy on major currency pairs. For cryptocurrencies, this strategy may also be effective.
#5 - January 25, 2022, 06:00:09 PM

Members:

0 Members and 1 Guest are viewing this topic.