Thank you for your replies and time Too Slow.
Just one last question:
In your rules you have mentioned:
WARNING
When price breaks through yesterday's high or low, that is a breakout!
Trade the reversal with caution.
So in this case, say:
Price breaks below yesterday low which means it is a breakdown on the daily chart. In such cases, would you only look for shorts on the H1? (and vice versa when price breaks above yesterday high would you only look for longs on the H1 and not shorts?)
Thank you
Just one last question:
In your rules you have mentioned:
WARNING
When price breaks through yesterday's high or low, that is a breakout!
Trade the reversal with caution.
So in this case, say:
Price breaks below yesterday low which means it is a breakdown on the daily chart. In such cases, would you only look for shorts on the H1? (and vice versa when price breaks above yesterday high would you only look for longs on the H1 and not shorts?)
Thank you
Disliked{quote} Does this summary seem accurate? Not exactly. Your summary closely describes my Trading is as simple as 1-2-3 thread which is a subset of this trading method. Can this be applied to other timeframes? Yes. Robust methods exhibit this characteristic. From your experience, Is there a particular session that this method is more effective - e.g. Asian or London or US session? Not exactly. Pick a pair that is actively trading during a session. Am guessing, you go both long and short on the same day as a HH (or LL) is formed on H1 Not exactly....Ignored
