This system is best used on 4H or 1h I personally prefer 4H
Over the past few months my trading has been evolving. I have started looking away from simple S+R line trading and looking more at candles. Don’t get me wrong S+R lines still make up a big part of my trading but they have taken a back seat to candle patterns.

This is because I have been delving into price action analysis. This is the analysis of the movement of price as it is happening. The major benefits of price action analysis are:

1. It isn’t lagging. You trade based on what is happening right this second.
2. You can adapt to changing market conditions quickly.
3. You can trade at pretty much any time.

The main forms of price action analysis I am using are reversal trading and master candles (MCs).

One thing you should look out for is Scouting Parties these are candles that break through the MC line, reverse, and close. Check out the example below.

Scouting Parties can cost you some serious pips. For this reason some traders do not enter on the first MC break. They wait for a Scouting Party to form and then place a limit order with a 5-10 pip buffer just beyond the bounds of the Scouting Party candle. This way they only enter the trade after the Scouting Party candle is broken.

This system is currently working on GBPUSD check my blog for the signals

If you are using this system you should be making profit by now daily

Please post six months result and lets see