Trigger Candle Trading System

I trade only 1 pattern outside my systems, it is Pull Back setups.

I call it the Trigger Candle

Conditions for Pull Back-

  1. The prices should trend.
  2. Volume should be good enough
  3. One Full body BULL or BEAR candle should be present overpowering the rest of the previous 2–3 candles or more
  4. Volume on Pull Backs should decrease

Remember – If Prices are to go up, it requires volume in proportion while declining prices doesn’t necessarily require volume. Take it as, the gravity works against the upwards movement of prices so it needs assistance to move higher up ( Volume), while declining prices doesn’t require much assistance from volume.

The Trigger Candle is explained with some examples below:

INTRADAY

SWING/POSITIONAL

The Risk Reward in Swing Trading is Highly favorable.
Note- Please do your own due-diligence and backtesting before applying this method.