Using this method shows that 80% of the times these Price actions are very successful.
Credit goes out to Chelo who post the Original Scalping method here: http://forex-strategies-revealed.com/gbp... and Hessel modified after that to get most out of it: http://forex-strategies-revealed.com/sca...
I found that if you have MACD/RSI indicators as well you can get a more accurate signal.
Note: It is recommend to take the entry when the price moves between amber and Blue (with Standard Deviation 3) but this time it even worked when the price just hit near Yellow (with Standard Deviation:2).
TIP: Make sure go above 70 and reversing down (Don't wait until it hits 60) or go below 30 and reversing up (Don't wait until it hits 40)
Hope this helps