Trading is now getting popular day by day. A lot of people make their career bright doing Forex trading. On the other hand, a lot of people are losing a lot of money from trading. A survey shows that only 2-5% of people are profitable from trading. So you can understand it is way more difficult than you think. New traders take trading as an easy game. They might get profits from the beginning stage but in the long run, they end up with losses. If you want to become a successful trader. You have to give time to the market. Studying charts, price action, candlestick patterns, indicators, trends, market structure, support and resistance, and much more. After learning and spending years of time in the market, you will find a suitable strategy and setup that works for you.
Today I am going to tell you about one of those strategies that needed years to find it. Professional traders spend a lot of years searching for those setups and inventing them.
What is the Sureshot Pattern?
A sureshot pattern is a market criteria or structure that tells us perfectly what going to happen next candle using previous candlesticks psychology. Sureshot patterns study the buyer’s and seller’s pressure in the market and tell us the next candle movement.
Which Trading Style Suits The Sure Shot Pattern?
Sureshot patterns work in all types of trading styles. Though there are a lot of trading styles. But there is only one goal of all. That is earning money. And sureshot pattern gives you that opportunity. It doesn’t matter what is your trading style. It is perfect for all trading styles.
Which Time Frame Sureshot Pattern Will Work?
Sureshot pattern will not catch the whole trend. It will tell you just the next candle moving whether it will be up or down. It will work in all time frames. But as it predicts only the next candle movement. It will work better if you adjust your time frame according to your risk-reward ratio.
For example, if you do scalping in 5 minutes to 10,15 minutes. Then your chart should be at least 15 minutes to 1 hour time frames. What will happen when you find a sureshot pattern in the chart? If The price goes in your direction next 15 minutes or one hour then you can catch the swing. Though it is a one-hour candle. But in 5 minutes you will get 12 candles which is a very big move. That will give you a good number of profits.
SureShot Pattern 1
Requirements
Requirements1. Trends
For sureshot pattern first of all you should look at the trend. For a long position, you have to see if the market is uptrend or not. And for a long position, you need an uptrend and a short position. You need a downtrend. In the image, the trend is an uptrend and we are looking for a green bullish candle.
2. Reference Candles
To trade with the trends and Sureshot pattern, you need to see reference candles. In the image, for a bullish momentum. We need at least 3 consecutively same-color candles. In the image, there are three green candles.
3. Opposite Color Candle
After consecutively same color candles. The setup needs an opposite color candle which is red. The red candle must be smaller than its previous candle. As you see in the image the last green candle is bigger than the red candle.
4. Setup Candle
After the red candle, you have to see the last candle to fulfill its all criteria. After the red candle a green candle forms.
The green candle must engulf the last red candle with its body only.
The green candle must need a wick in the head side. If there is any wick on the tail side. It needs to be smaller than the head wick. If there is no wick on the tail side. It will more better. So the conclusion is head wick should be bigger than the tail wick.
The green candle must be a healthy green candle. The setup will not work if the last green candle is hammer type, Mazubozu candle, or Doji candle.
5. No SNR
If there is any support and resistance in that whole setup zone. The setup will not work properly in that case. Because support and resistance work as a strong reversal point. And we are looking for a
continuation trading setup.
Logic Behind Sureshot Pattern 1
The logic behind this pattern is the buyer’s pressure. First of all the trend is uptrend. After at least three same-color candles show us a strong continuation. Then an opposite candle comes which tells us the opposite group of pressure. But another green candle indicates that the sellers are failing to control the market. Because a green candle engulfs the red one and its head wick is bigger than the tail one. As there is no support and resistance in that zone. It confirms that the market will go uptrend for at least one candle. And you need to trade only that candle. Boom!!! Profit. Totally the opposite case with the downtrend.
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