Tuesday, 1 November 2011

1200 pips in two days EUR/USD H1

Below is a chart of EUR/USD on H1. The alligator is sleeping the 3 rules of trading have been met. In my new book I have tried to explain the setup in further detail. The book is due to be launched for Forum Members on 11.11.11. If one was to trade H1 using beginners techniques a 1:10 risk reward trade was on offer starting yesterday. The expert level trading could be even 1:20 wiht 1200+pips possible. There is still no exit signal. This post is reply to Vinn's request of posting H1 Setup for yesterday. the first yellow price label is where you'd go short. the setup is just right. we dont take such trades on m1 and m5 since we do not trade against the trend. but on h1 and above I do not recommend the use of purple line. That is because the higher time frames are going through a larger degree fourth wave. Let me stop here before people hide away since I said the forbidden term... LOL

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