Only Price and Time as Indicators

[Holographicwef]

Buy the lowest low, Sell the lowest high and get out withing a few minutes.

Of course price and time scalping works in a liquid market (emini S&P). And, the time of day matters with mornings and late afternoon as the strongest profit takers.

Does anyone else trade like this?

Do you have an indicator that would filter this type of trade?

What is your opinion of this style?

[HortenseHa]

Define lowest low and highest high.

[hwsjzsxh83]

Yes - I trade similar in the FX market

I look for interim and daily highs and lows and then trade the other way until I have a profit before a rinse and a repeat.

I do use a few more clues other than just price and time and the main indicator to assist is Linear regressions all based on a tick or 1 min chart for absolute minimum lag effect.

[iacatulol]

And ask anyone else who claims they trade of highs and lows how they define them too as unless you have a crystal ball, you don't know they're highs/lows until after they aren't anymore, by which time most of the short-term minor plays for a few ticks/pips are low probability punts as best.

The best way to ask someone who claims to trade this way is to ask them to show you in real time.

[ibiziolahu]

The high and low are defined by the highest high in 3 minutes or the lowest low in 3 minutes.