Trip Highs

So let me tell you what I did here with those orange highlights.

I call them trip highs. In conjunction with the squaring plots, you get a pretty full, pretty usable picture.

You put buy stops at those values. One small break, one large break seems to be the rule of thumb.

Either way, you can put on size and target 16 pips even if it is the short’s turn. Plus I run an auto trail to lock in better than break even.

//trip highs
if (High[i]-Open[i]>90*Point && High[i]-Close[i]>160*Point 
&& High[i]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i) 
&& High[i]>High[i+1]
&& iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i)-iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)>700*Point
&& iFractals(symbol,0,MODE_UPPER,i+3)==false
&& !(High[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i) && Low[i]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i))
){
         ObjectCreate("KAROLYIII"+DoubleToStr(i), OBJ_RECTANGLE, 0, Time[i+1], High[i] , Time[i], Close[i]);
         ObjectSetInteger(0,"KAROLYIII"+DoubleToStr(i),OBJPROP_COLOR,clrGoldenrod);
}

The descent is gonna be over when the market maker squares the shorts. That would mean an hourly candle with a 16+ pips wick on the bottom of it. If that does not happen, you play the bounce from the lower 30BB.