Disliked{quote} The trade setup (if I understand it correctly) is to utilize the highest open and/or the lowest open for that entire day. Yeah, as I watch, I often make assumptions on that high and low and can see where pips can still be made. If I understand it correctly (and I'm not certain I do) removing myself to trading only the highest open and/or the lowest open of the day increases the odds of success and, especially, minimizes risk. It also reduces the opportunities. However, too slow's other thread and its trade setup allow for more frequent setups....Ignored
The only caveat to this is if the H1 bar is a breakout bar. With experience on your side, you can trade this but it is not advised.
1-2-3 takes advantage and trades these breakout bar set-ups.