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I will explain everything in more details, including setting up the system in the following sections. Some info for more experienced traders — the system is based on sound fundaments. It uses increase of volatility that happens in the beginning of European trading session, plus unique combination of indicators that give us high probability estimation on the direction of the future movement.
It looks quite simple, right? As I said earlier, our trading time is am GMT time. You should get to the computer about 5 minutes before and wait until the candle finishes. For indicator values, you should check the chart at a close of am candle at am. Momentum 60 of the am candle is higher than AND lower than ,8 in other words between and ,8 2. The morning star and evening star have a tad bit of difference, and the morning star has a flatter center candlestick, forming the Doji. There are no typical signs displaying anything, and it can show the pattern more clearly than a thick middle candlestick.
When a Doji is formed with a black candle, the volume will go up in more significant frequencies, with the white candle becoming longer, indicating that the star is set to be forming. Morning stars have the best backup of indicators and function in their best way with their support. If not for them, it would be effortless to identify the formation of a morning star every time a candle starts going towards the downtrend.
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