2015.08.05 Night Session

FX:EURUSD   Euro / 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.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out