Sorry, I made a mistake. At the pullback I use the CANDLE rather than the drawn line for reference to the percentage pullback; the pullback refers to that of the SPIKE, which is dynamic, rather the fixed 15 or 10 pips.
I use the drawn line only for the first step, which is to see if the candle...
1s chart is unnecessary; for me, on the mt4 platform, I use 5 min chart, draw a line(vertical trendline) of 15 pips beforehand(for comparison purpose), when spike happens, I use that line for reference and see if the spike exceeds it, if it does, I wait for pullback(also using the line for...
Thanks for the reply! I tried identifying Cevn boxx's on the charts and it seems really promising. And if you don't mind, I just have one more question.
I looked everywhere and could not find your exit strategy. I am guessing that the close of the 4th candle is your exit?
Since you are very...
I read the strategy and it seems very interesting.
Do you mind answering a few questions I have?
1.) How do you TP and SL?
2.) Do you trade it on other time frames?
Hasn't worked for me. But you can do it manually, using NewsImpact DataFlash. Its window can be pinned to top, and has a voice notification(awesome stuff, tells you to buy/sell/no trade, based on preset, just like in FNG, except you have to click manually)
PS. I haven't been using it long...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.