I have gotten many inquiries about the 1min chart. First my trading style has not changed at all. I have always used the 1,5 & 15min interbank meta live charts. The indicators on those charts have been the same for the past 4++ years if not longer. I also use the 1 &15tic charts on NT using the Gain feed. The 1 tick chart I use for entries as well as the 5min charts for key bounce support and resistance areas. I am showing the 1 min charts to show others who do not have NT or have a hard time spotting entries. This is a simple system of trading based purely on price action and surges in volume. When the price surges 7+ pips normally at some point in the next 1-3 minutes the price is going to pullback back 2-4 pips from the previous candles high. You then need to look to enter into the direction of the surge in price. Keep your sl around 6 and your take profit minimum 5-10. very easy simple setup, to trade and make money off of...
Hi James, just saw your comment in the Scalprs FB page. Your continuation system sounds interesting. I've been studying Forex for a couple of years now, but haven't found a system that fits me. I'm new to scalping, but I think I found my niche. Thanks for sharing your system, and I'll keep following your blog
ReplyDeleteGreetings from Costa Rica
Jose