Long above 1 hour bar that crossed prior days high or lowTarget on silver reached, so nice breakout trade profit today.
in general the strategy works on fast moving markets, mainly because you take profits below prior one hours bars the is no room for slower upward moving markets.
Soft / Energy and Metal Commodities perform best on RTH charts
Indices and Grains dont perform well.
In general if you only enter one hour later the nasdaq or natural gas today may already have moved the longest distance, so I would monitor prior days low area and then enter on a higher 5 min bar that touched prior days low on really fast moving markets...
