"Hoe ur pips mate?" fxcarllos 
Urban Towers Scalping Strategy
- #264
- Nov 23, 2010 3:23pm Nov 23, 2010 3:23pm
Hi everyone!
funny to finally find a Trend & pullback based thread here
Navin I know your Youtube vids from the beginning, however I guess this is one of Your best performing systems
heres what im doing:
on M15 only trade E/U ( best spread , good volatility + most traded pair ).
G/U E/J A/U E/G are correlated anyway!!!
im using 3 EMAs 20, 100, 200
only trade the European session (from Frankfurt`s open to London close).
make sure to draw "the big" Trendlines on H1
Im looking for clear retracements 2-5 candles. ( a 20 pips retracement is too small )
i do not enter if the last retracement CANDLE is too big ( if its not a pin bar !)
CHEERS
.
funny to finally find a Trend & pullback based thread here
Navin I know your Youtube vids from the beginning, however I guess this is one of Your best performing systems
heres what im doing:
on M15 only trade E/U ( best spread , good volatility + most traded pair ).
G/U E/J A/U E/G are correlated anyway!!!
im using 3 EMAs 20, 100, 200
only trade the European session (from Frankfurt`s open to London close).
make sure to draw "the big" Trendlines on H1
Im looking for clear retracements 2-5 candles. ( a 20 pips retracement is too small )
i do not enter if the last retracement CANDLE is too big ( if its not a pin bar !)
CHEERS
.
Follow the Trend, thats all
...
heres what im doing:
on M15 only trade E/U ( best spread , good volatility + most traded pair ).
G/U E/J A/U E/G are correlated anyway!!!
im using 3 EMAs 20, 100, 200
only trade the European session (from Frankfurt`s open to London close).
make sure to draw "the big" Trendlines on H1
Im looking for clear retracements 2-5 candles. ( a 20 pips retracement is too small )
i do not enter if the last retracement CANDLE is too big ( if its not a pin bar !)
...
.
You might also have a point abut trading only european market. I try to avoid setups after 6pm GMT. But i dont have a clear rule about it. All the setups before 6 am today failled and that says something
IŽm not awake anyway))
"Hoe ur pips mate?" fxcarllos
Its a very similar method indeed. Can you post some setups too? I totaly agree with you on the last retracement CANDLE.
You might also have a point abut trading only european market. I try to avoid setups after 6pm GMT. But i dont have a clear rule about it. All the setups before 6 am today failled and that says something
, shame.
