10 PIPS ANYTIME YOU WANT

Profit: 10 pips per trade. 5-10 trades a day. You can use this strategy anytime you want; there are always very strong signals. The
system will work on many Forex pairs and many major Stocks.

This trading system involves 3 simple steps.

THE SYSTEM
1. Find the third candle
2. Enter your trade at the start of the third candle.
3. Close your trade in a few minutes with 10 pips profit.

The system works fine for me on 5 minutes or 15 minutes charts, but it work on other timeframes as well.
Setup:
-Identify the current trend. (For example: use 200SMA or 200EMA to identify the current trend. If the price is above the SMA – the
current trend is up or opposite).
-Open a 5 min or 15 min and find the “first candle”. “The First Candle” is between two candles, and it is the highest or the lowest of
those three candles. Look at the chart below: The 1st candle is located between two candles and it is the highest (or lowest) of the 3.

-Now if you look to the right of the 1st candle is the 2nd candle and the next is the 3rd candle – the most important for us.

This system is based on the 3rd candle. If you look on your chart you will see a lot of “three candles figures” and all of them are great
trading opportunities! Usually each trade will brings you 10 pips profit.
Trades
We BUY at the very beginning of the 3rd candle (the 2nd candle must not close “inside” the 1st candle) if the current trend is up and
your candles figure is going up. We SELL very beginning of the 3rd candle if the current trend is down and your candles figure is going
down. Take profit: Your target is 10 pips.
When not to trade: a) when the 3rd candle is against the current trend; b) when the second candle closes “inside” the 1st candle.
You may also use a Stochastic indicator with parameters 5.3.3 to filter your trades. If the direction of the stochastic is opposite of
your 1st and 2nd candles it is better not to trade at that moment and wait for the next “1st candle figure”.
Time frames: This system can be used with higher time frame. In this case make sure to set your take profit target more than 10
pips.

Do the following: 1. define trend direction on Daily chart, 2. go to Hourly chart and make sure it is going with the Daily chart (trend is
in same direction), 3. go to 5 min chart and trade when the reversal goes with the Hourly chart trend.

10 pips are gained several times per day, every day. Don't forget to add support/resistance levels because this system will show you
just how magnetized price is to support/resistance levels.

1. Use it on the 5 min chart. Specifically practice looking at the candle pattern the author discusses for your entry point.

2. If you combine it with other trading tools it makes for a heck of an entry point: Fibonacci's are amazing. I use them from high to
low points every time. Attach them to the high and low points of the London open to the NY close from yesterday (the previous
trading day - in this case for trading Sunday you would attach them to Friday's points).

3. Now instead of going for just 10 pips as your target profit, exit at the nearest Fib level. If it's too close use the next Fib level. 

Rinse and repeat steps #1 and #3 from the London open through the NY close.

Q: when looking for the 3-candle pattern (2nd candle) do we take the wicks into account when determining the high and low of
candles?
A: On the first candle, yes. On the second candle - usually. The two most important features about this method, and the 3 candle
method is to notice that the 1st candle really stands out from the previous candle and that the 2nd candle closes above the first
candle (if going long) or below (if going short). It cannot close within the body of the first candle. If the second candle closes within
the body of the first candle do not take the trade. Just wait for another set up to come along. This is one of those RULES to trade by
if you trade short term....very effective. Once you get comfortable you can trade in both directions throughout the day meaning that
even though the Daily chart shows a bullish trend the hourly will eventually show a bearish trend. Then you can go short on the 5
min during this little pullback, then go long after the momentum swings back to the bullish trend.

Use 1:100 leverage so for 1k account trade with 1 Lot.

Let's say you will have 20 trading days per month. 2 pips will be 2% of your account, so with compounding you will have an approx.
45% gain per month.
Starting with 1K account, after 12 months of trading you will have ~ 60K, after 20 months - more than 1M.