yeah. i have been looking forword to this particular opportunity where i ll be able to share with you guys my own trading strategy. i have learnt a lot from this forum and i can say i really appreciate all contributors...thank you for your work.
now to the biz of the day...the strategy: go to a site that have economic calendar about fundamental announcements[i use action forex] and click on the economic calendar to see the news releases for the day i.e the time each news ll be posted and the currency it deals with then go and play bball. at exactly fifteen minutes to the release of the news, you MUST be at the front of your computer system with you charts open to the currency you plan to trade.change your chart's time frame to a one minute candlestick chart and at exactly ONE MINUTE to the news,get down the high and low of the previous candle.add 10pip to the high and subtract 10 pip from the low, then place two entry order using limit order.this should have happened at exactly news time!wat did you just do?you took the high and low and spread it to create a little bit of a safety net and go long and short at thesame time with a 20pip exit target.from experience and observations,price generally explode once a fundamental announcement is made. HOW TO PROFIT: see example below:
new entry price stop loss exit target
High: 1.3249. 1.3259 1.3249 1.3269
Low: 1.3244 1.3234 1.3244 1.3214
am tired of typing...........more to come.
c'ya.
now to the biz of the day...the strategy: go to a site that have economic calendar about fundamental announcements[i use action forex] and click on the economic calendar to see the news releases for the day i.e the time each news ll be posted and the currency it deals with then go and play bball. at exactly fifteen minutes to the release of the news, you MUST be at the front of your computer system with you charts open to the currency you plan to trade.change your chart's time frame to a one minute candlestick chart and at exactly ONE MINUTE to the news,get down the high and low of the previous candle.add 10pip to the high and subtract 10 pip from the low, then place two entry order using limit order.this should have happened at exactly news time!wat did you just do?you took the high and low and spread it to create a little bit of a safety net and go long and short at thesame time with a 20pip exit target.from experience and observations,price generally explode once a fundamental announcement is made. HOW TO PROFIT: see example below:
new entry price stop loss exit target
High: 1.3249. 1.3259 1.3249 1.3269
Low: 1.3244 1.3234 1.3244 1.3214
am tired of typing...........more to come.
c'ya.