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2015.08.05 Night Session

FX:EURUSD   Euro Fx/U.S. Dollar
Finally got a chance to watch the market for at least 4 hours. I was trying different kinds of price action based methods these days. Suddenly, I had an idea about using double fractals as my S&R and trading reversals (for 2min) around those S&R areas when W%R shows overbought/oversold. So I tested this method during the first 2 hours (also tesing other methods). It turned out pretty good. There are lots of entries during ranging periods and winning rate is pretty high, satisfying what I want. Approximately, there were only 2 losses out of over 20 trades in this session.

I also did some 5min trades, which only used 5min chart with Bollinger Bands . When a 5min candle touches the band, enter a reversal 5min trade. If the first trade loses, enter a recovery trade (5min). This method is quite stable when using 5min chart but entries are much fewer.
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