#Barrelin Pattern & Trade Strategy Lingo
“Going #Barrelin”: Moving above 75% RSI (14)
“#Barrelin Zone”: Area above 75% (14)
“#Barrelin Entry”: First candle close in the #Barrelin Zone on the active timeframe.
“Continuation Stipulation”: Remaining above the 9-EMA of the highest timeframe getting a handoff.
“Active #Barrelin Pattern”: Has continued to get...
I am now about 4 weeks into sharing my #Barrelin pattern and associated trading strategy mostly on Twitter.
In that time I have developed more regimented rules in hopes of automating the hunting if not the trades themselves. Here is the strategy as it stands today:
4hr close above 75% on RSI (14)
Hold EMA (8) on 4hr close
Ok... first of all I am not claiming to be a good trader - yet. I am simply still too emotional to execute with the consistency of discipline that trading requires.
I am, however, passionate about pattern recognition.
Over the past 6-9 months I have found a pattern that appears to work on Binance BTC pairs, BNB and USDT... it even appears to work in the stocks...