When trading the Anne Strategy there are only 7 kinds of price pattern setups.
Lower High
Double Top
Double Bottom
Higher Low
Lower Low
Spike
Perfect Setups
Anne’s Strategy should be used with consideration to the bigger picture. Waiting for arrows to appear outside the zone and then taking trades may make you a profit, but to be consistently profitable you need to consider market trends, be patient and wait for perfect set-ups. Experienced and fulltime traders do this.
A perfect setup is when you receive an Anne Strategy signal with all the following factors:
A clear Support or Resistance area
A clear Price Pattern
A clear sign of Divergence on the RSI
A clear sign from the Candle stick patterns that the price will reverse in your favour
The advantage of using Anne’s Strategy is that it will teach you all these Price Action skills. Anne’s Strategy signals appear around key levels of support and Resistance so it’s important you look for these other factors too when taking trades. Remember, we want to make money from a trade, not place a trade because we enjoy a gamble! By only taking the perfect setups will it deliver you consistent profits. Random trades won’t!
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