Monday, 1 January 2001

1Min Strategy

most dangerous game in FX - about 1 min charts and doing 10-15 pips trade every 20-40 mins. As I informed before my strategy is Envelopes 44,0.14 and 88,0.07. It worked wonders for me and if you understand my BUY/SELL levels for 12 hrs & 24 hrs then the vertical limits concepts are same as BUY/SELL levels in 1min chart is the BLUE line i.e Envelopes 44,0.14. BUY when price is closer to LOWER BLUE line and target first at LOWER GREEN line and then UPPER GREEN line. For sell it works vice-versa. Remember; when you do 1 mins charts BUY/SELL levels you're going against market traders and thus becoming a FX player. There are risks as these trades are very short term like zero seconds trade that I did few days back. Book you 1 min BUY /SELL levels when you see UPPER/LOWER segments are reducing and lines are about to overlap. The GREEN lines act as SUPPORT/RESISTENCE based on your trade. This process is called PUMP & DUMP in traders terms.

Tell me how many pips you gained/lost by this strategy - very eager to know on how it works for others.



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