We have just serendipitously discovered another way to take advantage of the already proven and highly successful The Famous Pattern.
Its very simple I can explain in a few words provided you've already understood the Famous Pattern in the Famous thread.
Rule 1. Time Frame to Search for Famous is H1.
Rule 2. Trading Time frame is M15.
Rule 3. H1 shows a strong wave 3 or wave 5 (check out Snorms eWave to make it easy. You don't need to learn elliott wave)
Rule 4. When Rule 3 is met drop to m15 and wait for Fruit (an Adam's Apple) and trade in the direction of previous wave on h1.
ABBC3_OFFTOPIC
Edit: 25 April 2018
How to Trade Famous using Fruit Method/Template
Addition to Rule 4: If you are familiar with Fruit Method simply Take a Fruit Signal on the M15 confirming an ABC Zig zag pattern within M15 Wave 4.
Previously if we did not see flat Setup 1 on M15 we did not take the signal. Now with the power of Fruit Method we can taken Zig Zag (clean Zig Zag on m15) which is also called the ABC pullback. There is usually a Fruit at the peak of the C of Wave 4.
How to Trade Famous using Fruit Method/Template
Addition to Rule 4: If you are familiar with Fruit Method simply Take a Fruit Signal on the M15 confirming an ABC Zig zag pattern within M15 Wave 4.
Previously if we did not see flat Setup 1 on M15 we did not take the signal. Now with the power of Fruit Method we can taken Zig Zag (clean Zig Zag on m15) which is also called the ABC pullback. There is usually a Fruit at the peak of the C of Wave 4.
So, if you see that a day ended with a strong wave, strong price action. You'd expect price to either go sideways creating a tight range during asian session or it might go zig zag. If it creates tight range you'd be looking for Classic or Setup one entry. If its a zig zag wave (wave 4 during asian session) look for Fruit (often an Adam's Apple) and trade in the direction of trend that is wave 3 or wave 5 (of an impulse wave) on H1.
more on this later (refinements and edit etc)
Check the pictures below in sequence to understand the Famous Apple Setup on the charts.
