Blog Patrol Counter
Tuesday, June 21, 2011
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...
Subscribe to:
Posts (Atom)