Orkey Dorkey Chart Pennies

[cottonmather]

An Old Tomorrow. I have two points to make and both kinda overlap. This post may be lengthy.

Watch this video. There are several important points here. We have touched on this before but this thing puts it out there in an organized way. breakouts This link is one I gave you. Keep it and study the details chart patterns

Years and years ago I developed something I called "inside out". It is an easy to do naked method that many did not understand. I probably explained it poorly. Check this out and carefully think it through and practice the idea. Inside out is exactly that - a candle will print, preferably on the Bollinger Band and a subsequent print would be a candle who is inside of it.

inside out examples

The red triangle affords a setup candle closing out of the bb. The subsequent print is inside of the setup or very very close to being inside. What you look for now is the setup candle low being broke with a close. And it does. Go short. Price will likely go to the opposite bb. That would be the blue triangle. Now you reverse. Go long there using the high of the setup print. It then retraces short at the blue circle using the same criteria. The blue circle has no setup. The blue square has a setup candle but not a signal. Preferably, you want a signal printed in one or two prints.

If you want to be safe using this method, take your position as descibed and sell one half at bb midline. If the opposite bb is not reached to close the trade then sell the remaining half at midline or anywhere profitable thereafter.