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Attachments: Urban Towers Scalping Strategy
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Urban Towers Scalping Strategy

  • #201
  • Jun 2, 2010 5:59am Jun 2, 2010 5:59am
Here is a trade that took place today on USDJPY on the 15min charts.
There was a smooth consecutive lower highs and then at the break of the last high, a long trade took place.

Cheers,
- Navin Prithyani
Attached Image
  • #202
  • Jun 4, 2010 1:01am Jun 4, 2010 1:01am
Here is a trade that occurred yesterday on USDCHF 15min charts.
There was a nice consecutive higher low, touched the MA's, then at the break of the highest low, we entered short. It was a good 1:1.5 risk to reward ratio in 40 mins.

Cheers,
Navin Prithyani
Attached Image
  • #203
  • Jun 4, 2010 2:58am Jun 4, 2010 2:58am
Hi Navin,

I am just curious!
What are the setting of your Rainbow indicator?
Can this be substituted by other indicators like MAs?

I was attempting your method on its own without the indicator and it didn't work!
  • #204
  • Jun 4, 2010 5:19am Jun 4, 2010 5:19am
Hello Navin,

should we follow the setups if

If third candle of urban tower is close below / above MA's?

And when rainbow is in tight shape?
  • #205
  • Jun 9, 2010 8:21am Jun 9, 2010 8:21am
Quoting snowhyte
Hi Navin,

I am just curious!
What are the setting of your Rainbow indicator?
Can this be substituted by other indicators like MAs?

I was attempting your method on its own without the indicator and it didn't work!
Hi snowhyte,

I dont have the settings on me. Just download the indicator from post #1 or you can PM me and I can give you my website address where you can find the file.

Hope that helps.

Navin Prithyani
-urbanforex
  • #206
  • Jun 9, 2010 8:22am Jun 9, 2010 8:22am
Quoting Pip26
Hello Navin,

should we follow the setups if

If third candle of urban tower is close below / above MA's?

And when rainbow is in tight shape?
Hi Pip26,

When rainbow is tight, don't trade no matter how beautiful it is. I will post example after this reply. If any candle close on other side of MA, the trade is invalid.

Navin Prithyani
-urbanforex
  • #207
  • Jun 9, 2010 8:23am Jun 9, 2010 8:23am
Here is an example of an Invalid Trade. Avoid trading when the MA's are too tight and also when they are almost sideways instead of trending.

Navin Prithyani
-urbanforex
Attached Image
  • #208
  • Jun 9, 2010 8:24am Jun 9, 2010 8:24am
Here is a nice trade that happened today on GBPUSD on the 15min chart.

Navin Prithyani
- urbanforex
Attached Image (click to enlarge)
Click to Enlarge Name: Jun. 09_01.jpg Size: 36 KB
  • #209
  • Jun 14, 2010 3:37am Jun 14, 2010 3:37am
Here is a trade happening live on NZDUSD 15min charts. Are you trading it?

I have launched a chatroom for Urban Towers Scalping Strategy. Contact me to get access to it. If the forum moderators allow me the post the link to get into the chatroom, I'll be glad to post it here.

Skype : navin.prithyani

Navin Prithyani
- urbanforex
Attached Image (click to enlarge)
Click to Enlarge Name: Jun. 14_05.jpg Size: 45 KB
  • #210
  • Jun 21, 2010 9:07am Jun 21, 2010 9:07am
ok guys I got flooded last week on my skype with requests to get into the conference room of this strategy. So I'm deciding to increase the limit to 100 attendees instead of 20. And yes, it was free, it is free, and it always will be free

Navin Prithyani
- urbanforex
  • #211
  • Jun 21, 2010 9:09am Jun 21, 2010 9:09am
Here is a trade from today on GBPJPY 15 min charts.

Navin Prithyani
- urbanforex
Attached Image (click to enlarge)
Click to Enlarge Name: Jun. 21_03.jpg Size: 46 KB
  • #212
  • Nov 10, 2010 10:14am Nov 10, 2010 10:14am
audusd M15
Attached Image (click to enlarge)
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"Hoe ur pips mate?" fxcarllos
  • #213
  • Nov 10, 2010 6:53pm Nov 10, 2010 6:53pm
Quoting navin.p
Here is a trade that took place today on USDJPY on the 15min charts.
There was a smooth consecutive lower highs and then at the break of the last high, a long trade took place.

Cheers,
- Navin Prithyani
hi navin

how do you decide which candles to count as 1 2 3 ? for example on your usdjpy chart, you have labelled candle 1, but why could you not count the previous candle as candle 1, that could easily met the requirements of candle 1 ?

please reply.
  • #214
  • Nov 11, 2010 9:24am Nov 11, 2010 9:24am
Quoting whatfx
hi navin

how do you decide which candles to count as 1 2 3 ? for example on your usdjpy chart, you have labelled candle 1, but why could you not count the previous candle as candle 1, that could easily met the requirements of candle 1 ?

please reply.
I´ve following and trading this for a while. My experience tells me that 123 are last 123 bars. Bar nº4 is tha bar that breaks high of bar 3.

Please follow my posts to see it more clear. Hope Navin will come here and help
"Hoe ur pips mate?" fxcarllos
  • #215
  • Nov 11, 2010 10:02am Nov 11, 2010 10:02am
No trades today. Some trades could have been taken but i only choose to take the ones that has over 90% chances:
1. Breath
2. Wide Rainbow
3. Urban Towers

If you have urban towers with one of the others you have to decide to take it or not. You still have a high % of profit, but i dont take them
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_11.11.10.png Size: 73 KB
"Hoe ur pips mate?" fxcarllos
  • #216
  • Nov 11, 2010 5:06pm Nov 11, 2010 5:06pm
Hey guys,

I took a break from trading for a year.

Does this strategy still work ??? or is it still a hit and miss?
  • #217
  • Nov 11, 2010 5:26pm Nov 11, 2010 5:26pm
Quoting IliaM
Hey guys,

I took a break from trading for a year.

Does this strategy still work ??? or is it still a hit and miss?
try following 123 rules
1. Breath
2. wide rainbow
3. urban towers

SL - 1 pip below low of last 3 bars
TP - 100% fib retracement, BE after 50% fib
"Hoe ur pips mate?" fxcarllos
  • #218
  • Nov 11, 2010 5:40pm Nov 11, 2010 5:40pm
usdchf
Attached Image (click to enlarge)
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"Hoe ur pips mate?" fxcarllos
  • #219
  • Nov 11, 2010 5:51pm Nov 11, 2010 5:51pm
eurjpy
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-11_2346.png Size: 94 KB
"Hoe ur pips mate?" fxcarllos
  • #220
  • Nov 11, 2010 7:04pm Nov 11, 2010 7:04pm
Quoting Carllos
I´ve following and trading this for a while. My experience tells me that 123 are last 123 bars. Bar nº4 is tha bar that breaks high of bar 3.

Please follow my posts to see it more clear. Hope Navin will come here and help


but how do you decide which ones are the last 123 bars ?


also can you tell me how well are you doing with this system and can you post your results.

cheeers
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