Urban Towers Scalping Strategy

[urbanforex]

Originally Posted by Spongebob

Hi Navin

I would like your opinion on this trade im busy in. The urban towers strategies time frame is 15 min, I trade mostly the 1-2-3 on that time frame too, but one can trade it on most time frames.

The question i have is, I found a 1-2-3 setup on the 30 min time frame with a nice rally, i applied your three higher lows and entered at the top, would you consider using the same rules on a bigger time frame?

You most certainly can use the strategy on a higher time frame. The reason being is because we are looking for price action movements which works on any time frame. If we were dependent on a indicator - once we move to a different time frame, it is necessary to change the indicator settings.

Great charts.

- Navin

[urbanforex]

A trade on April 17 Using the Urban Towers Scalping Strategy

- Navin

[Spongebob]

Hi Navin

Was the trade on USD/CHF on the 5min chart?

Do you have signals from MT4 as to what time frame your rainbow MAs are touched? What time frames do you look at?

[urbanforex]

Originally Posted by Spongebob

Hi Navin

Was the trade on USD/CHF on the 5min chart?

Do you have signals from MT4 as to what time frame your rainbow MAs are touched? What time frames do you look at?

Hi Spongebob,

I look at the 15min time frame for the Urban Towers strategy. I do not have any alert system on MT4 yet to notify me when price touches the MA. I'll have to find a programmer.

- Navin

[Spongebob]

Hi Navin

Just wanted to post a perfect example of using 123 setup together with your urban towers strategy.

Cheers Lino

[Sweet Pip]

Originally Posted by urbanforex

Hi Spongebob,

I look at the 15min time frame for the Urban Towers strategy. I do not have any alert system on MT4 yet to notify me when price touches the MA. I'll have to find a programmer.

- Navin

Hi Navin,
Would you want an alert when price touches the MA before a 123 setup? or an alert when a 123 setup occurs and it's previously touched?....before or after?..lol...or maybe even both

[Sweet Pip]

Here's a nice one too I just took. Cheated a bit and didn't wait for it to touch the MA's, but saw a 1-2-3 pattern setup as per Spongebob, and then the urban tower 123 and took the short....sweet.

(Thanks Spongebob )

[Spongebob]

Nice trade Sweet Pip

Im not really a fan of using it on 5min, but setup looks good!

[urbanforex]

Originally Posted by Sweet Pip

Hi Navin,
Would you want an alert when price touches the MA before a 123 setup? or an alert when a 123 setup occurs and it's previously touched?....before or after?..lol...or maybe even both

Hey Sweet Pip,

Probably an option for both would be great. Do you know of any programmers who can assist with this or yourself if you can do it?

- Navin

[urbanforex]

Sweetpip and Spongebob,

I like the way you guys have put the 1 2 3 Trading strategy and Urban towers together, I have tried them out also and seems to have a great correlation and works well together.

Thanks for the idea Spongebob. And great charts examples sweetpip and spongebob