Ihour指标免费 (Ihour Indicator free)

Hi

I have had quite a few emails concerning indicator free trading but with a view of trading a longer time frame the 1min for some people just isn't viable.

Ive looked at this on a 1hour time frame and the pattern seems profitable unusable on the 1min as we need a sizable bar to make some pips.

It use 2 bars

The 1st gives us the SL and the TP

Set up for long

A 1hour down candle

Followed by a 1 hour up candle the low of which was supported by the 1st candle,and the size of which is 50% the size no greater

Set up for a short

A 1hour up candle

Followed by a 1 hour down candle the high of which was supported by the 1st candle,and the size of which is 50% the size no greater

SL

The low of either candle for a long
The high of either candle for a short

TP

The high of the 1st candle for a long
The low of the 1st candle for a short

Trade on various pairs as signals are not fast and furious.

Take a look at the chart the entry and set up is very easy..again ideas welcome

Paulus