The 1H Pattern Nobody Talks About - 1H, 1M Strategy

This one candle is responsible for over $1.2 million of my trading profits in the last year. And the best part about the strategy is that it's extremely simple. I only need one hourly candle to show me exactly where and when to enter. And I don't have to rely on any direction or daily bias. And so in this video, I'm going to show you the exact three-step process that I use every single day that is backed by data that's allowed me to make over $1.2 million with a 77% win rate and an average riskreward of 1 to2. And I'll also show you how to use it using real market conditions on past trades that have actually taken. And so first off, you're probably wondering what time or pair does this work best on. For specific times, you want to trade the strategy anywhere from the second hour of Asia all the way to around the 3rd to fourth hour of London session. And for pairs, I mainly trade gold and UJ. But this works on both futures, forex, any currency pair, any commodity, and even equities. So first off, step one of this strategy is just to identify the previous candles highs and lows. We just want to mark them out for step two, which is to wait for the new Alli candle to open and overextend above the high or below the low. And this will be the Alli candle that we're trading. Now, for this step, it is really important to make sure price overextends in the right way. What is the right way? We want price to overextend with high volume without much of a pullback at all. This would be a bad overextension because it's pretty low volume and you're always correcting back to 50% of the previous move. Another example is that yes, this is a bit better. It's a bit high volume, but then you do correct back into 50% of this bullish move to then continue on. We want price to just move in one direction without a pullback at all. And so for step two, you want this extension to last for around 20 minutes, which then moves us on to step three, which is waiting for a market structure shift or our entry model. We want to wait for a low time frame to shift in our direction or a confirmation to take a trade. This will help us avoid entering too early or getting stopped out. But what is a shift of market structure for this example that we're looking for a sell? It's simply where we go from breaking the previous high into immediately breaking the previous low with pretty high volume. And this is simply just showing that low time frame direction has shifted in our favor,