Yes I named my method by “Candle Sniper” method. The “Sniper” is used for represent we as trader. Why sniper? Why not “breaker”, “cracker”, “shooter”, etc?
A sniper must have the ability to accurately estimate the various factors that influence a bullet’s trajectory and point of impact such as: range to the target, wind direction, wind velocity, altitude and elevation of the sniper and the target and ambient temperature. Mistakes in estimation compound over distance and can decrease lethality or cause a shot to miss completely.
As a Sniper there are two condition we have to prepared before shot the target.
- Read the mind of target.
- Believe of our instinct.
Read the mind of target
A candle stick is just like a living target to be shot. They move around randomly after they are released from their cage. The sniper has to wait the target being calm and move straightly. This should be happened on the 3rd minute up to 10 minute of M15 candle stick. But if the target is calming after 10 minute, leave it! Don’t shot! Because they are very close to the new candle.
Believe of our instinct
This is the most important things that you should remind, the instinct. But this instinct is not a gambling. As a sniper, there are many factors on shooting and before the trigger pulled. There are wind direction, wind speed, altitude and elevation, etc. For example, when the wind blows from the left to the right across the target, sniper should use they instinct to move a little bit left side of target. How far? Use your instinct according to your experience! On the Buy/Sell trade, use your instinct to trade when the price is hanging on the demand/supply limit.