DislikedDon't you wait for the close of the second bar (the one that fails to break the H or L or the prev bar ) ? As long as the bar did not close it could make a higher high during that bar. I am thinking a way o using this strategy is to find this setup on H1 then go down some time frames and and scalp it? The day open is a bit subjective i think ,around the world the day starts at different times ..the day open for me would be the open of the asian session .as i am in europe.Ignored
Correct, but if you see where I sold (first red dot on my chart) which broke the low of the close away from the close of the previous bar.
Hope this makes sense?
I could have set to +5 and let it run but in my case I am happy with +5 pips per trade.
Please get back to me if your not happy with my reply.