What is 5 Candle Mastery?
Quick answerA breakout system Ben built around 2017, now running on our own engine. It finds a trend pausing for a few candles under its last peak, puts an order right at that peak, and moves the stop and the target with every candle close.
The details
- The trend: the 5, 8 and 13 moving averages stacked in order for three candles, each closing on the right side of the red Teeth Line (the 8).
- The peak: a fractal, a candle with lower highs on both sides (the top of a blue zone on the chart).
- The MAGIC 5: five candles from that peak, the trend still stacked and still under it. The order goes at the peak.
- The exit: a stop and a target worked out from the last five candles, again on every close.
It calls the daily buys, the setups that held up best in testing; the rest is drawn on the chart for context. How to take a call.
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