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The Batman Strategy
Wait for a SUCCESSFUL and SURVIVING 15 minute pink arrow.
Successful = a pink arrow up on a green candle or a pink arrow down on a red candle
Surviving = the arrow is still there when the candle closes and a new candle begins.
If the signal is a super pink DO NOT trade this strategy
If any of the 15 minute pinks are not correlating do not trade
If any of the 15 minute pinks are not correlating do not trade
If there is a news break do not trade until you are really familiar with the strategy and even then it is
safer to just stay away.
Wait for the candle to close(at 09:15, 09:30, 09:45, 10:00, 10:15, 10:30, 10:45, 11:00 and 11:15). After 10 -15 seconds check that the new 5 minute candle has no signals going that contradict the 15 min signal and then take the trade in the direction of the 15min pink. Also before taking a trade listen to what MT is saying, what he says will give you an idea of whether the signal make sense to him or not or which forex pair he likes the most for any given trade.
• When you have multiple correlating 15 minute pink signals favour the eu for the trades.
• Do not trade if the three 5 minute candles that make up the 15 minute candle are all the same
color and of a decent size,
• The safest 15 minute pinks are the ones that turn up towards the end of the candle i.e. in the last
7 minutes. 15 minute pinks that show up right at the beginning and are still there at the end tend
to be little tired.
• Sometimes in the 15 minute candle you will have a pink up at the beginning and by the time the
candle closes it has a pink arrow in the opposite direction, this is also a very successful signal to
trade.
Wait for a Batman to be failing… i.e. the pair has gone in the opposite direction of the 15 min pink arrow, then turn your attention to the one minute charts and wait for a super-arrow (yellow and pink, white and green, etc.) in the direction of the 15 minute Batman signal. Take 5 minute trade in the direction of the batman.
Before trading forex look carefully at the long term charts…..(weekly, daily and 4hr) First look for a 1hr SUCCESSFUL and SURVIVING pink arrow and then simply take trades using the 15 minute SUCCESSFUL and SURVIVING pink signals in the same direction with a 10 pip profit limit (i.e when i am winning by 10 pips the trade automatically closes and I take the profit) I have a stop loss of 50 pips. Do not trade if you have any contradictory arrows on the 1hr charts Choose your pairs carefully and look back at the candles and signals that have come before to get the bigger picture of what exactly is happening.
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