Context
Following the recent Indices 6.3 release for the 1-minute timeframe, I've been asked a review showing how I played the signals for those 2 days
I'm going to cover the Indices here only
Starting my trading day at 6:30 am UTC+1 (meaning I wake up at 5 am)
Ending my trading day at most at 7 pm UTC+1
Remember that I take my profit a bit before the supports/resistances; not right on them
Reminder: With the m1 it's ok for a conservative trader to take all the trades, not the BHR/SHR
Each image below can be enlarged with a click
The lower the timeframe, the more of a pullback I usually wait
remember that if the entry is too near from an S/R, to wait for a bigger pullback to get more room before setting your SL to BE
even with a converging leading trend, I protect really quickly using the m1
it's a mix between the previous m1 and m2 - though need to be really reactive
that's the price to pay for a very low-risk model
Where I'm showing the pips PnL per trade, it's not an exact science.
Front-running some questions from my favorite german already :)
The concept is whenever we're facing S/Rs and I see some risks, I protect my trades - even if that means trading for nothing half of the timem1 is very rewarding but tough for beginners
I'm not showing here the DXY and VIX
I always consider them before jumping on a trade with a market or pullback entry
US30
January 13th
Cycle 1 wasn't volatile. Then, cycle 2 is likely to be more interesting
January 14th
Cycle 1 wasn't volatile. Then, cycle 2 is likely to be more interesting
I'm not finished yet with this tutorial - will finish the rest tonight ;)