Trendline Scalping 4hr timeframe

Trendline Scalping 4hr timeframe

This methode form a friend.

A method which has been very successful for him. He won 8/10 of these trades and they happen a couple of times a week.
It is a trend-line trading on a 4hr time-frame.

Rules:
dont trade 1hour before or after heavy economic news.
Trade only during Euro start to about 3 hours before New York end.
Look for a bullish trendline on the 4hr timeframe. After the second leg retracement buy when the price hits the line again.

tp is 50pips
sl is 50pips.

The screen shots attached are examples of this setup
The first one is of a buy setup the second is of a sell setup.
In the first pic the trend is confirmed by the first two legs. a bounce of this gradient on a third time confirms a buy.

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