High probability Forex Intraday Daily-Weekly Open trading strategy with Price Channel Stop indicator. This is a very simple strategy.
This “TraderVersity H1 Intraday Trading Strategy” system designed primarily to trade TRENDS successfully and consistently.
- Best Time Frames:
- M30 and H1 for intraday trading
- H4 and Daily for short term swing trading
- Most Recommended Currency Pairs:
- EURUSD, GBPUSD, and GBPJPY
- Daily Open
- Daily Weekly OPen
- Price Channel Stop
- Super Trend Profit
- Relative Strength Index
- Price upward above Daily Weekly OPen indicator
- Price Channel Stop blue color
- BUY signal Super Trend Profit indicator
- Relative Strength Index line upward and above 50 level
- Price downward below Daily Weekly OPen indicator
- Price Channel Stop magenta color
- SELL signal Super Trend Profit indicator
- Relative Strength Index line downward and below 50 level
For high probability trading setups, use the higher time-frame for confirmation to identify trend, and establish the dominant trade direction of the markets.
Use at least two, but not more than three timeframes because adding more will just confuse you and you’ll suffer from analysis paralysis, then proceed to go crazy.