Bank Trader M and W strategy [PDF]
Trading M&W Formations can be very profitable and sticking to the rules your drawdown is zero.
These formations works because traders wait for a confirmation that support and resistance levels are holding before they enter a trade. We only enter at the second leg.
You will also find the M&W formations forming on every time frame
and it forms on both forex and indices.
We don't trade any pattern that looks like a M or W
We wait for confirmation and it takes time to complete.
The higher the time frame, the longer the M or W takes to complete.
You will also find the M&W formations forming on every time frame
and it forms on both forex and indices.
We don't trade any pattern that looks like a M or W
We wait for confirmation and it takes time to complete.
The higher the time frame, the longer the M or W takes to complete.
1)SUPPORT & RESISTANCE
2)CANDLESTICK PATTERNS(PIN BARS)
3)HIGHER SECOND TOUCH OF SECOND LEG
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