Scalping University Lesson 19 - Swing Scalping Intra Day
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Uploader Comments (BKTraderFx)
All Comments (5)
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This is a very interesting idea. Thirty pips off the high or low is a very good reversal indicator. If you are a candlestick man you will be seeing a Shooting Star, Hammer, Piercing Pattern, or Dark Cloud Cover and maybe an Engulfing Candle. I have heard it called a Hobo Trade by another analysis. Other systems call it a Reverse Vanilla. It is a very powerful setup and I really like the way that it is explained.
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This is a very interesting idea. Thirty pips off the high or low is a very good reversal indicator. If you are a candlestick man you will be seeing a Shooting Star, Hammer, Peircing Pattern, or Dark Cloud Cover and maybe an Engulfing Candle. I have heard it called a Hobo Trade by another analysist. Other systems call it a Reverse Vanilla. It is a very powerful setup and I really like the way that it is explained. Great idea and many thanks to you for this great little video.
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hi Boris, I really dont understand the randomness of your stratagy,, from my perspective , you are merely flipping a coin on your entries,,,,hard to believe someone with your experience would teach this to others,,...not a put down, just an observation , but still, this is account draining methodology for most people trying to learn and get a solid "technical trader" background..is it not?
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Thanks its been working well so far
BKTraderFx 1 year ago
This strategy is based on momentum. It had 11 out of 14 winners with 1:1 r/r over last two days in real market conditions. I back tested it quite extensively before I traded it live. You are free to ignore it, but it is by no means random. Its based on all H/L work that I was doing. I will continue to trade it and will report its results.
BKTraderFx 1 year ago