1 min Scalping with Randy Candles Resurr

Hi everyone, I wanted to share with you all the uses of Randy's Candles that I've had with a fair degree of success (see accompanying trading statement), and while it may not be the one that initiated the trade, it's the closest I've come to my ability to replicate it.

For information about Randy Candles, please see: http://www.forexfactory.com/showthre...=20954&page=13

Randy Candles essentially works with HA candles and two SMAs.

So far it works for me on 1 minute EURUSD short:

1) Identify Zorro Alert Candles:

Zorro candles (small red candlesticks with fairly long black tails at both ends) are used in preparation for opening a short position. The Zorro candle must be above/on the pink SMA.

2) Monitor and identify entry candles Entry candles must be red and have black bars. The entry candle must be below the pink SMA

The method is to identify the alert candle and then execute the short position when the entry candle confirms the trade to be made. I prefer to enter a position when the pink SMA is above the yellow SMA.

For the visual above, please see the link http://www.forexfactory.com/showthre...=20954&page=13

Please note that I did not cover exits as exits are based on my discretion in monitoring the development of subsequent candlesticks while scalping.