Work in advance --

One system I have been trying recently. Ill try and find an explorer up


1. Search for 1 hour time frame or greater candle rod setups (I prefer 4 hour and greater). The top signals are 1/4 hour reversals of a correction of this daily/weekly trend (in other words, the continuation stage of this daily/weekly trend after its correction)

2. If price appears ready to reverse in an 00 or 50 zone, enter using a 60 pip stop. If this is the initial trade, target can be anything you want. 30 pips is generally good however, its very infrequent a 30 pip TP will not be hit if you are trading a 1 hour time frame or higher. Unless its a 4 hour or so daily reversal (which skilled traders can spot readily), in which case you understand the target is a lot greater than 30 pips, and you should plan accordingly for this. You may see in which the 30 pips comes in in an instant.

3. Risk 1 percent of account initially. If price is approaching the 00 zone (recall your entrance should have been in the low 50s for a long and high 40s to get a brief), and also the price action and momentum appears to be bottoming out, then input again using a 60 pip stop loss, somewhere in the 03/08 zone for longs, and 93/98 zone for shorts). This time that the entry size is so 2%, double the last.

IMPORTANT: If momentum does not appear to be bottoming/topping out and your stop is likely to be hit, do nothing. Allow the stop get hit. Do not immediately re enter. Wait until you see support and CZs (consolidation zones) building. Often times this can help save you another 20-30 pips, which means your entrance has pips of stop loss behind it, and 20-30 more pips of profit.

4. For this to work you have to be good at picking tops and bottoms, which each of of the good traders are. It worked in AUDUSD as my first entrance was at 8960. I bought some at 8905 under 8845 using a stop. Additionally, I bought again at 8850 and 8860, without being stopped out on the 8905 (except for the 8960 was stopped out, but it was the tiniest exchange of them all) The best thing about this is an excellent cost basis on your entrance. You can take profit at BE and re-enter a standard place size for the real chunk of this move (to reduce risk incase you are wrong).

If you are stopped out, when you double your entrance, all you need to do is get 30 pips and you are at break even. ch the trade and if you believe it's more space to go, re-enter with the first size (in my aud instance, the dimensions I used at 8960), to reduce risk.


5. Best pair to trade? EURGBP


6. Risks would be 1%, 2%, 4%, 8%, 16 percent. It makes sense to stop in my view, and accept that the draw that is 31% down. So you receive 5 trades in a row. You get a minimum of 300 pips if you enter at each 50 pips period, but all you are searching for is a 30 pip correction. But a smart trader will understand when not to input and this can signify a move would need to go 400-600 pips prior to using a 30 pip correction. And lets call it a 40 pip correction because the trader likely wont capture the most highs and lows within a pip or two.



7. System can also be accomplished using 20 pip stops and 10 pip TPs for recovery trade (to BE), for intraday scalpers.

8. Do not try and make an EA with this, it will not operate unless it knows when to remain out of the market.