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Monday, June 20, 2011

NY Continuation Trades...

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...

1 comment:

  1. 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

    Greetings from Costa Rica

    Jose

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