I have found this system in FF, but I don´t understand very well. Could anybody explain it more?
AMAZING Strategy!!! i finally found the amazing scalping strategy i have been looking for all my life!!!!
EuroRiddle v1.0 (99.9% accuracy):
> you make 1 trade per day on the EURUSD
> your "day" ends at 4:59EST and starts at 5pm EST
> use 60 minute chart with the MACD and RSI on the chart
> each day at 5pm EST you start watching the chart. it may take hours and hours of watching the chart, but keep watching until the high or low for the day has been hit.
> as soon as the daily high or low has been hit on the 60 minute charts, switch to your 1 minute charts. if the daily high or low has also been hit on the 1 minute chart, the signal is confirmed.
> after the signal is confirmed enter the trade immediately. if it is the high for the day that has been hit, go short. if it is the daily low that has been hit, go long.
> set stop loss of 15 pips and a profit target of 25 pips.
I do understand ur strategy but now the problem is one.
How will I see that the High or Low has been hit?
If you can tell me that, then It will be simple for me to identify the signal.
I hope you will help me in this regard.
I am looking forward to hearing from you as soon as possible.
I would appreciate your support
On H1 is used to see whn the price stop after a drastic move up or down or by pips range eg: 100pips up or down, 2nd entry f the price continue 100pips up or down, 3rd entry for another 50pips up or down. The rasional is price doesnt move in straightline, must there is retracement or uturn. Just take 10% to 20% profits. Hope can help.