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Force Strike Bar Formation Reversal Trading Strategy

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2K views

Force Strike Bar Formation Reversal Trading Strategy

Uploaded by

ikilay forex
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Price Action False Break – Bull and Bear Trap

High Probability Force Strike for Reversal Trading

By: Alson Chew

Copyright © 2021 Adam Khoo Learning Technologies Group Pte Ltd. All Rights Reserved. 1
© 2021 Piranha Pte Ltd. All rights reserved.
FORCE STRIKE BAR FORMATION STRATEGY

Force Strike (FS) as an extension to the 3 main EXE bars


FS is a price action fractal that demonstrate bear or bull trap by itself. Usage of this price action
structure at key levels (LP) gives us clues on whether SL is being triggered and false breaks that
results in bear or bull traps created by the MM.

Traders can take on standalone price action trades on bullish FS when there is force __________
scenario.

Traders can take on standalone price action trades on bearish FS when there is force __________
scenario.

Do refer to Entries and Exits chapter for detailed trade execution technique.

© 2021 Piranha Pte Ltd. All rights reserved. 2


FORCE STRIKE BAR FORMATION STRATEGY

Mother Bar Baby Bar

Baby bar within


CRITERIA
Mother bar range
• Baby bar must be equal or within Mother
bar range

• Mother bar or baby bar can be bullish or


bearish

Baby bar within SIGNIFICANCE


Mother bar range
• Inside bar shows a period of indecision on
the chart

• Inside bar should not be used as an


Baby bar outside of execution sign but a prelude to Force Strike
Mother bar range bar formation (next slide)

© 2021 Piranha Pte Ltd. All rights reserved. 3


FORCE STRIKE BAR FORMATION STRATEGY

CRITERIA
Mother Bar Baby Bar (Max cluster of 5 Bars)
• Satisfy Inside bar formation criteria
• Price movement to break below Mother Bar Low
and returns within Mother Bar range.

Max cluster of 3 Bars SIGNIFICANCE


• Bullish PIN
• Bullish Ice Cream • Period of Inside bar indecision cause a false
break below Mother Bar low which trap breakout
Bar
traders on the downside
• Mark Up Bar
Price movement
Price movement • Accumulation occurs here when Market Maker
breaks down of
returns to mother collects sell stop orders and market sell orders to
mother bar range
bar range turn his net book position long for high probability
upside price movement

© 2021 Piranha Pte Ltd. All rights reserved. 4


FORCE STRIKE BAR FORMATION STRATEGY

CRITERIA
Price movement Price movement returns
breaks up of to mother bar range • Satisfy Inside bar formation criteria
mother bar range • Price movement to break up of Mother Bar
High and returns within Mother Bar range.

SIGNIFICANCE
• Max cluster of 3 Bars
• Bearish PIN
• Period of Inside bar indecision cause a
• Bearish Ice Cream Bar false break up of Mother Bar High which
• Mark Down Bar trap breakout traders on the upside

• Distribution occurs here when Market Maker


collects buy stop orders and market buy
Mother Bar Baby Bar (Max cluster of 5 Bars) orders to turn his net book position short for
high probability downside price movement

© 2021 Piranha Pte Ltd. All rights reserved. 5


FORCE STRIKE BAR REVERSAL STRATEGY

Bullish Force Strike in Force Bottom Scenario


CHARACTERISTICS

✔ Price Action to go below LP and close at or above LP with bullish FS formation (force bottom scenario)
✔ Price Action can form anywhere in the chart (above or below the 50sma)

© 2021 Piranha Pte Ltd. All rights reserved.


6
FORCE STRIKE BAR REVERSAL STRATEGY

Bearish Force Strike in Force Top Scenario


CHARACTERISTICS

✔ Price Action to go above LP and close at or below LP with bearish FS formation (force top scenario)
✔ Price Action can form anywhere in the chart (above or below the 50sma)

7
© 2021 Piranha Pte Ltd. All rights reserved.
FORCE STRIKE BAR REVERSAL STRATEGY

PRACTICE

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FORCE STRIKE BAR REVERSAL STRATEGY

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FORCE STRIKE BAR REVERSAL STRATEGY

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FORCE STRIKE BAR REVERSAL STRATEGY

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FORCE STRIKE BAR REVERSAL STRATEGY

© 2021 Piranha Pte Ltd. All rights reserved. 12


FORCE STRIKE BAR REVERSAL STRATEGY

© 2021 Piranha Pte Ltd. All rights reserved. 13


FORCE STRIKE BAR REVERSAL STRATEGY

© 2021 Piranha Pte Ltd. All rights reserved. 14


FORCE STRIKE BAR REVERSAL STRATEGY

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FORCE STRIKE BAR REVERSAL STRATEGY

Copyright © 2021 Adam Khoo Learning Technologies Group Pte Ltd. All Rights Reserved. 16
FORCE STRIKE BAR REVERSAL STRATEGY

© 2021 Piranha Pte Ltd. All rights reserved. 17


Price Action False Break – Bull and Bear Trap
High Probability Force Strike for Reversal Trading

By: Alson Chew

Copyright © 2021 Adam Khoo Learning Technologies Group Pte Ltd. All Rights Reserved. 18
© 2021 Piranha Pte Ltd. All rights reserved.

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