I use this method that gives around 10 to 15 signals a week.
I am in US Central time zone so I am talking of NY trade sessions.
At the end of trading day around 0:00 GMT or beginning of day around 14:00 GMT, look at 1 HR charts. I am looking for a steady, consistent 100 pip drop or rise in prices. I then enter the opposite direction and look for either 10 pips or maybe 20 pips depending on the strength of the rise or drop. I know you could get more but with small pip profit target, you raise your probability to over 90%. I don't use stops, but will wait for another 50 pip drop or rise to add another same size trade. Then I look for breakeven or breakeven plus 10 pips. Using a standard lot this brings in an average of $1000 a week. You should trade sizes according to your account size. If acct size is $10K, I would trade 5 minis and try for $50 to $100 per trade. Just about any major pair works.
I am in US Central time zone so I am talking of NY trade sessions.
At the end of trading day around 0:00 GMT or beginning of day around 14:00 GMT, look at 1 HR charts. I am looking for a steady, consistent 100 pip drop or rise in prices. I then enter the opposite direction and look for either 10 pips or maybe 20 pips depending on the strength of the rise or drop. I know you could get more but with small pip profit target, you raise your probability to over 90%. I don't use stops, but will wait for another 50 pip drop or rise to add another same size trade. Then I look for breakeven or breakeven plus 10 pips. Using a standard lot this brings in an average of $1000 a week. You should trade sizes according to your account size. If acct size is $10K, I would trade 5 minis and try for $50 to $100 per trade. Just about any major pair works.
