Want to keep this thread alive for any newbie or struggling trader. So I'll post some trades while your away. Guys this method is super easy and makes amazing profit. You can grab a quick 1.5R or less and your win rate is gonna be pretty high. I like going for 2R and more and it really pays off. The biggest difference in the way I use this is I use the entry bar for a sl + a few pips. I don't use the extreme.
GU was a simple 2R
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EJ you could have had a lost going long, but then you made up for it on the short.
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EA ypu could have taken a long but the MA was not the correct color. I have noticed this has kept me out of quite a few losing trades. Then you got a winning short, and you can see price had already moved a bunch for the day so no point in holding short.
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Going forward im calling this the dead horse method. It needs its own name cuz its that good. Seriously guys. Throw is on a chart and just watch a few pairs for a few weeks. Post some trades. I bet you starting winning and make a profit. I learned this method on here. Then taught it to my trainee who has only been trading for a few moths. We're both making money off it.
Also im a fan of the 15m chart for this method. 5m there are a few to many signals for me. If your good at scalping then try it.