yes here comes the big idea
actually credit goes to hoss
read his thread on one minute scalping
http://www.forexfactory.com/showthread.php?t=156633
the template he introduced look for price which moves to much away from it original position
in other words overbought/oversold.
i was just applying it on hourly charts
and suddenly it comes to my mind what if we see it on weekly and monthly charts
and i was amazed to see that it worked 100 % on them too
but the main difference is that in one minute charts we target only 5 to 10 pips
but in monthly charts u can look forward to get 200 to 500 pips and win ratio is superb
on weekly charts u can target 50 to 200 pips
just keep Ur options open and trade every major
in fact use this method on every time frame
i m a rookie so suggestion will be welcomed as i m also learning
share Ur experiences
that's what for forums are
actually credit goes to hoss
read his thread on one minute scalping
http://www.forexfactory.com/showthread.php?t=156633
the template he introduced look for price which moves to much away from it original position
in other words overbought/oversold.
i was just applying it on hourly charts
and suddenly it comes to my mind what if we see it on weekly and monthly charts
and i was amazed to see that it worked 100 % on them too
but the main difference is that in one minute charts we target only 5 to 10 pips
but in monthly charts u can look forward to get 200 to 500 pips and win ratio is superb
on weekly charts u can target 50 to 200 pips
just keep Ur options open and trade every major
in fact use this method on every time frame
i m a rookie so suggestion will be welcomed as i m also learning
share Ur experiences
that's what for forums are
