Around 30 pips when the setup is right

[knn9413]

Hi there...
I am a newbie with just a few months into forex....I have been playing with the following setup on the 1 hr eur/usd and seems to work for me when the setup is right

i have the BB setup with the normal parameters

- I look for the first candle to close outside the upper BB.
- If the next candle should open below the close of the previous candle, then I go short. Most of the time when the setup is good, I end up making atleast 30 pips

I havent checked this on the other pairs though. I am unable to attach images right now.. will try and attach one later on

happy trading

[satyen_naik]

How many times did you try it? How many wins and hoe many losses on this setup? Just curious, I might help in trying this setup for another pair!

[knn9413]

I have tried this around 15 times so far and have been successful around 12 times... a couple of times i exited with a small loss. i monitor most of my trades and mostly dont use a stop loss