Trading is as simple as 1-2-3

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When value is above an open, it is up. Conversely, when value is under an open, it is down. It is a good suggestion to not brief when value is up and to not purchase when value is down. Naturally, most merchants search for reversals however are impatient and set off blissful thus shopping for when they need to be promoting and vice-versa.

A promote under the H1 open of the bar instantly following the bar making the very best excessive would have resulted in revenue. In abstract, a bar makes a excessive and closes. Subsequent bar fails to make a better excessive and reverses. Promote when value drops under the open value of the present bar.

A purchase above the H1 open of the bar instantly following the bar making the bottom low would have resulted in revenue. In abstract, a bar makes a low and closes. Subsequent bar fails to make a decrease low and reverses. Purchase when value rises above the open value of the present bar.

Please perceive none of this is unique or new and this is introduced for EDUCATIONAL PURPOSES ONLY. Chances are you'll discover your outcomes might differ. Please test with an accredited monetary specialist earlier than utilizing actual cash. FOREX buying and selling will be dangerous. YOU HAVE BEEN WARNED!

EDIT DEC 23, 2016:

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Somebody identified RULE #3 may very well be interpreted in a couple of method.
See modification on chart.
You wish to commerce AWAY from the every day excessive after value makes a brand new every day excessive and
commerce AWAY from the every day low after value makes a brand new every day low.
You're ALWAYS buying and selling in the direction of the every day open with this technique.