Simple's Green Room

[sdcaalan]

Hey Jav, I'll see if I can make sense out of what I'm doing. It is based on "M" and "W" patterns on the micro level. Do you recall I posted something on Aurthur Merrill's "M", "W" patterns. I think you took a look at it. I draw these patterns in buy hand. In particular looking for the 4th leg, which is often the biggest move. If you have 3 defined legs look for the 4th to begin. Confirm your entry with other indicators you trust and are familiar with. There are a lot of pips in these moves. If I get a third of them I'm pleased. Get out and look for another set up. Watching 4-6 pairs this way will keep you really busy with plenty of trading opportunities on 15min time frame.

You can also trade the 2nd and 3rd leg. But!! only for two to three candles max. Three is pushing it. Take 10 or so pips and get out. Once you start looking for these M and W patterns they become easy to see and draw.

Another important part of this for me is drawing in Supply and Demand Zones and looking for the M&W formations to react to them. If you go to the link in post #129579 I'm doing what this guy is doing drawing levels on 15min charts. This is a great video. Can't hurt to watch it a few times.