Tuesday, May 25, 2010

Basic trading strategy

My basic strategy is to follow the 1hr chart. Looking for the flow, that is higher highs higher lows in uptrend, lower highs lower lows in downtrend. Then good candles (there are 5 or 6 that work nicely), once 1hr direction is set I'm then looking at taking entry off 5 min higher lows and lower highs.

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