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[urbanforex]

(Main Picture)
Name : Urban Towers Scalping Strategy by urbanforex
Indicators : Blue MA
Time Frame : 15min

Description : During a trend, when the market retraces to the blue MA with at least 3 consecutive lower highs (3 towers), we enter at the break of the high of the last high. Ok let me explain in details one by one.

Steps to Follow :

- Price is above the blue MA trend is up
- Price is below the blue MA trend is down
- Market retraces towards the blue MA with 3 consecutive lower highs (in a uptrend)
- At the break of the high of the last candle, we enter long (in a uptrend)


Trade Example Number 1 (Refer to Picture1)

Alright, what do we know right off the bat by looking at this. We know the market is in a uptrend because the market is above the blue MA. The market retraced to the blue line with 3 consecutive lower highs (3 towers) as we can see the red candles above. Next, we entered long at the break of the high of the last retracement candle - which in this case is 3rd tower as we can see above. Ok 1 more example for you guys


Ok now here is a example of a no good trade. (Refer to Picture2)


Alright, in this example, the market was in a uptrend, it did a 1, 2, 3 tower retrace but it never had a breakout on the high of the 3rd tower, in fact, the market continued down and changed to a down trend. This example is to show that this strategy helps avoid many fake trades.


I hope you like it ! Let me know if you have any questions.

- Navin

[jeff15]

Very nice example of Urban Tower Scalping strategy..
can you show us some more such examples to understand it better..

[ROSIE]

What is the blue ma?

[miskec]

i wrote an interesting scalping strategy article which can help you a lot with scalping, if you are interested you can read it at Forex Trading Methods - Scalping

[urbanforex]

Originally Posted by jeff15

Very nice example of Urban Tower Scalping strategy..
can you show us some more such examples to understand it better..

Yes I will post examples from today.

[urbanforex]

Originally Posted by ROSIE

What is the blue ma?

You can find the indicator file on my website on urbanforex

- Navin

[urbanforex]

Style : Aggressive

- Navin
urbanforex

[urbanforex]

Style : Conservative then Aggressive

- Navin
urbanforex

[urbanforex]

Has anyone tried this strategy? Any ideas on tuning the strategy?

[Jimmy4x]

Hello everyone,

Just wanted to introduce myself. My name is Jimmy Simon and I am an intern for Currency Analyst Navin Prithyani. I will be keeping this thread updated with pictures and trades. Feel free to ask any questions about the strategy.

JS

[Jimmy4x]

Here is a trade that happened yesterday on EURCHF.

[Jimmy4x]

[IMG]file:///C:/DOCUME%7E1/JIMMYS%7E1/LOCALS%7E1/Temp/moz-screenshot.png[/IMG][IMG]file:///C:/DOCUME%7E1/JIMMYS%7E1/LOCALS%7E1/Temp/moz-screenshot-1.png[/IMG] Here's a trade that happened yesterday on GBP/USD.

[Jimmy4x]

Here's the two long trades that happened today for NZD/USD.

Cheers,

JS

[Jimmy4x]

Here is a trade that happened on Friday 28th August on GBP/JPY.
Hope you guys all were able to catch this picture perfect trade.

Cheers
JS

[Jimmy4x]

Here's some trades from yesterday on GBP/JPY.

JS