Hello,
I'll post here my trades using part of the idea that TRO disclosed here:
http://kreslik.com/forums/viewtopic.php?p=13167
In TRO words (I underlined the part that I use):
"REMEMBER, THIS IS SCALPING, DO NOT BE GREEDY!!
ALWAYS TRADE WITH H1 CANDLE COLOR
TRADING WITH D1 CANDLE COLOR IS SAFER THAN TRADING AGAINST
ONLY ENTER REVERSAL TRADES ON BAR 4 OR MORE OF A RUN
ONLY ENTER BREAK TRADES ON BAR 2 OF A RUN WHEN PRICE IS AT
THE HIGHEST HIGH OR LOWEST LOW OF THE PREVIOUS 3 BARS
ALWAYS CHECK THE NEWS EVERY HOUR BEFORE TRADING "
Cheers
Francisco
Hourly Breakouts TRO style
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1 Blue Bar
2 First Red Bar, Low is lower than the previous bar
3 Taking the trade when price broke the low of the previous bar.
In this trade I was stopped out at +19.9 pips.
EDIT: this trade doesn't fulfill all conditions for the strategy as the break level is not under the low of the tree previous bars... But it worked!
Cheers
Francisco
Last edited by frang0nve on Sat May 29, 2010 4:48 pm, edited 1 time in total.
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