Bull/bear action
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Hi everybody
Systems based on price action are my favorites, it combines immagination & analysis issues.
This new one was inspired from my last one (cavaliers break). It's even simpler but needs testing & adjusting the parameters.
A bull action is a set of 3 candles 1st is bull (close higher than open), second is bear, third is bull (see bull action chart). entry: buy stop 1 pip above the high of the three candles.
A bear action is a set of 3 cadles 1st is bear (close lower then open), second is bull, third is bear (see bearaction chart), entry: sell stop 1 pip below the low of three candles.
Parameters (time frame, take profit, stop loss) are not yet defined, I'm still working on. I hope to get some ideas about.
Zappata