Quote:
Originally Posted by phil838
It's possible it could work, but you'd need a lower stoploss and profit target.
I personally wouldn't trade it on 1H charts. The strategy works due to the initial momentum generated by a lot of trader buying or selling at once.
The lower the time frame you go the less momentum there will be, because less traders will be seeing that line.
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Ah yes...momentum. That makes sense. Thank you for the advice.