Urban Towers Scalping Strategy

[Sweet Pip]

Originally Posted by urbanforex

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

oh I can probably take a crack at it...lol
I'll see what I can do and will let you know.

[Sweet Pip]

Hi Navin,
Just to make sure I understand the nuances of the system...you don't like it if bars close outside of the rainbow, ie if in a downtrend and an upbar coming thru the rainbow closes above the rainbow? and at least one of the bars in the sequence has to have touched the first ema?

[acuter]

Hi Everyone -


I like 1-2-3 and the Tower too. BUT go to --

forexfactory.com/showthread.php?t=27574

scroll down to # 3 Lever 70 for an excellent variation on Guppy or

Hull multiple moving averages . So far so good on my tests . Any

comments will be helpful to us all .

[Spongebob]

Hi all

Another example of looking at bigger time frames first.

Cheers Lino

[Spongebob]

Hi again

Just thought i would post a trade i just got in using urban towers 30min chart.

Wish me luck

[Spongebob]

Sorry guys

[urbanforex]

It happens Spongebob.

I took a EU today for a short run for +42. Been sidelined since. Dont want to give away my pips back to the market.

[wartime]

hey Sponge

Your 123 was against the trend
As you see; you were getting Higher Lows(HL) and Higher Highs(HH)

[Spongebob]

Hey Wartime

You are 100% correct, i just tried my luck on that one, was trying the urban strategy on 30min chart. My point three on the example had no fractal either.

I see you use point 2 as your entry, do you not look to get in earlier?

Cheers Lino

[Spongebob]

Hey guys

Just got home so i did not manage to trade this one, but here is a better example of a 123 setup with urban towers using 15min chart and fractals.

This time one had all three fractals in place, also a nice 1:2 risk/reward ratio.

Cheers


P.S. Anyone is welcome to skype me, just send me a message.