The pattern recognition I have defined as Barrelin is now developing into a full trading system with a defined prediction tool, manually submitted trades that are executed automatically. Yes it all sounds too good to be true. The research documentation is now being drawn out in detail to be scrutinized and criticized by my peers. From there hopefully it will...
#Barrelin Pattern & Trade Strategy Lingo
“Going #Barrelin”: Moving above 75% RSI (14)
“#Barrelin Zone”: Area above 75% (14)
“#Barrelin Entry”: First candle close in the #Barrelin Zone on the active timeframe.
“Continuation Stipulation”: Remaining above the 9-EMA of the highest timeframe getting a handoff.
“Active #Barrelin Pattern”: Has continued to get...
I am now about 4 weeks into sharing my #Barrelin pattern and associated trading strategy mostly on Twitter.
In that time I have developed more regimented rules in hopes of automating the hunting if not the trades themselves. Here is the strategy as it stands today:
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Entry
4hr close above 75% on RSI (14)
Continuation
Hold EMA (8) on 4hr close
OR
1D...
Ok... first of all I am not claiming to be a good trader - yet. I am simply still too emotional to execute with the consistency of discipline that trading requires.
I am, however, passionate about pattern recognition.
Over the past 6-9 months I have found a pattern that appears to work on Binance BTC pairs, BNB and USDT... it even appears to work in the stocks...
