NEWS TRADING METHODS:
There are three methods to news trading, the Pre-News, The Spike Trade, and The Retracement Trade.
The Spike Trade:
- We wait for the news release to come out. Based on the release number we enter the market immediately either with a Long or a Short position.
- We try to catch the initial spike move, or part of the move.
- We will put our Stop/Loss 15 pips from the pre-release price and our Take/Profit at the maximum expected range based on the report and its historical data.
- This type of trading requires that you react fast enough to the release and use a broker that gives you good fill during news releases.
- Watch Live Recorded Videos Of Spike Trading In Action
The Retracement Trade:
- We wait for the news release to come out. Based on the release number we will determine “where” to get into the market.
- Usually we will wait for the market to come back within 10 to 15 pips of the pre-release. Depending on the actual deviation.
- We will put our Stop/Loss 15 pips from the entry price.
- We will take profit at least 25% of the position when we get 10~20 pips of profit, and at least 50% of the position when we retest the top or the spike.
- This type of trade is safer than trading the spike, but sometimes we might not get a retracement at all or big enough and miss the trade altogether.
- Watch Live Recorded Videos Of Retracement Trade In Action
The Pre-News Trade:
- We enter the market 5 minutes before the news release. •We base our entry on market sentiment and fundamental trend of the currency pair.
- We will always trade the direction of the Technical Trend.
- If the news release goes our way, we can make the entire move. If the news release goes against us, we might have to endure the initial drawdown, but usually after the impact is over, technical trend will resume its course and give us an exit to break even or 10~15 pips of loss.
- This type of news trade is highly advanced, require that you understand the market trend and market sentiment. It is NOT recommend for ALL news events. Only selected few.
- Watch Live Recorded Videos Of Pre-News Trading In Action
THE BEST INTERVAL FOR DAY TRADING STRATEGY
This system is an effective one in a volatile market
simple and effective
THE MOTHER CANDLE SYSTEM
RULES ON HOW TO ENTER THE MARKET USING THIS SYSTEM
After a candlestick is formed,wait till the next candle forms.
- Analysis to the candles to know if you have a mother-child formation.
- wait till the next candle,after the mother-child candles
- Enter the trade
- Stop loss and take profit in accordance to the pip movement of the mother candle
1 2 3 TREND REVERSAL PATTERN LIVE TRADING SYSTEM
Learn to determine the short term direction in the forex market using the 1,2,3 reversal strategy. This forex day trading pattern effectively identifies trend reversal points, and allows you to profit from changes in the current trend!
RULES TO FOLLOW WHEN USING THIS STRATEGY
- Determine the direction of the trend
- Look for lower highs and lower lows and vice vesa depending on the trend's direction
- Apply the 123 strategy and enter the market to make profit
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