Silent Flip
One timeframe, one chart, four lines and three candles. The setup I go back to whenever I catch myself trying to be clever, traded in the first hour after the open.
What you'll learn
Everything in the free breakdown
How to draw the four levels: the range high and low, then the flip high and low
Why the top two lines are sell side and the bottom two are buy side
How to read the silent candle, and what it tells you about the next one
Where the entry, the stop and the target go, taken off the levels themselves
How to run it across several charts, because it does not set up every day
The strategy
Three steps, four lines, three candles
Draw the four levels
Yesterday's high and low are the range. Scroll back for the next high and the next low beyond them, and those are the flip levels.
Sell high, buy low, skip the middle
The top two lines are where the big sellers sit, the bottom two where the big buyers sit. Nothing in between is a trade.
Trade the three candle formation
A strong opening candle into a level, a silent candle back the other way, then enter at that silent candle's high or low.
Pro tips
Get it right from day one
- 01
Only take it in the first 60 minutes after the open. That is where the edge is sharpest.
- 02
The opening candle has to test a level and respect it. No level touched, no trade.
- 03
The silent candle must close against the opening candle. If it breaks the level instead, the setup is dead for the day.
- 04
Put the stop beyond the level you leaned on and target the opposite one. That is what keeps you from being stopped out.
- 05
It sets up roughly once a fortnight on a given stock, so draw the lines on four or five charts and let the setup come to you.
Get it free
Get the Silent Flip indicator and algo
Drop your email and I'll send you both: the indicator that draws the four levels on your chart every morning, and the algo that trades the setup on its own. ProRealTime, TradingView, NinjaTrader and MT5. Free.
Trading involves risk. Past performance does not guarantee future results. Always trade responsibly and do your own due diligence. The material shared here is for educational purposes and is not financial advice.