MORE SOLID APPLICATION PAGES 6 ONWARDS
I’ve been buying and selling this easy technique which I discover very efficient.
I commerce it primarily on 1 hour charts. Its efficient on increased time frames however after all the chance will increase as you go increased. Might do some increased timeframe examples right here.
SCALPING GRAB & GO RISK:REWARD for the 1 hour is 2:1 OR 1:1 OR 1:1.5.
SHORT when there are TWO CONSECUTIVE BEARISH BARS and the SECOND closes WITH a LOWER CLOSE PRICE
LONG when there are TWO CONSECUTIVE BULLISH BARS and the SECOND closes WITH a HIGHER CLOSE PRICE
The WIN PROBABILITY is HIGHER when the CLOSE PRICES are NOT FAR APART.
- It’s best to attend for a bit of pullback if shut costs usually are not very shut.
- Attempt to enter as shut as doable to the shut worth of the primary bar.
- If holding for greater than 5 pips, that is greatest finished when H4 or day by day present SAME DIRECTION OR if the setup is the primary following a REVERSAL.
Please additionally learn
TYPICAL CALCULATION OF RISK:REWARD
Cease = Onerous cease decided by dealer OR 5 pips from the excessive or low of the primary bar.
Reward = Mounted take revenue decided by dealer OR (for brief) -> 2 X Distance between first bar’s shut and excessive, (for lengthy) 2 X Distance between first bar’s shut and low.