Nasdaq 150-600 pips in 60mins
I'm back testing a theory that looks promising.
Start of with drawing a box around the timeframe from 21:00 to 22:00 (UTC +2:00) in 15m Chart.
Next look on 15m chart for support and resistance candles, candles with longer wicks I've found to be perfect examples on the short TF. Now go to 1m chart and basically treat the 1m chart as a 4H chart and look for entries. SL will be 50-150pips max, and 90% of trades a 1:3 R:R. This is a scalping strategy so TP when you are happy. Whatever the price is at 22:00, close trade.
Start of with drawing a box around the timeframe from 21:00 to 22:00 (UTC +2:00) in 15m Chart.
Next look on 15m chart for support and resistance candles, candles with longer wicks I've found to be perfect examples on the short TF. Now go to 1m chart and basically treat the 1m chart as a 4H chart and look for entries. SL will be 50-150pips max, and 90% of trades a 1:3 R:R. This is a scalping strategy so TP when you are happy. Whatever the price is at 22:00, close trade.
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