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Hello, all, i´m back from a business trip i had to make to the states, i didnt have any time to trade but i`m glad i`m back with the enough time to trade, see ya all tomorrow.
I have been on a business trip to the US so i haven't been trading all this week long, but it helped me to see the market with "new" eyes!!,
i´m developing a new strategy that could bring some intraday profits, i call this "THE JUMP"
what is this all about:
1. it works around US market Open time.
2. it already knows the level where to place pending orders (Buy or Sell)
3. it already know where to place target levels.
4. It uses the previous Value Area Levels and POC.
How it works.
Since it is in a developing stage now, what i have found is that you have to select the previous day Value area High and Low and also the Point of Control, i do this with the dValueArea indicator placed in a 30 min CL chart.
this will be my 1,2 and 3 trigger lines depending on the actual price is it can trigger a sell or a buy this also depends on momentum at Market Open, i read momentum from the stochastics 3,9,3.
And basically i let it run till it hits my target(s). it takes about 2 hours to complete the cycle.
i will keep adding on, and if you have any comment please let us know it!!...
i wanted to share the strategy i will be using for this month, since i will not have too much time, we are going into the busiest days of the year in my company, i have to narrow my trading and probably i will be making only one trade a day, but wanted to get the most from the markets this strategy let me get 30 ticks minimum and 100+ ticks maximum,
i will be using previous day High and low, and Previous day Value Area Low and Value Area High and POC (Point of Control) levels, combining this with the Fib extensions tool, i will get my entry point and the targets i want to hit, i have been doing some research, and seems to be a reliable strategy i will be posting at the end of the day my trades,
i have attached an image on how to read and get the correct prep for the trading session i call this strategy "THE jump" and "THE LATE JUMP", in case i miss the US market open Jump i will have the late market jump that goes from 1 EST to Market Close around 2 or 3 PM EST this will give some space to get in the trade.
Quite session, not too much of a move, it seems market is still accumulating it could distribute at close or head for tomorrow, price needs to break 90.62 to head south as for the upside, price is inside a wedge, needs to break upper level with momentum supporting the up move..
Hello, i just closed this trade, the market has been very slow, for some reason it continues to go testing higher highs, without any fundamental reason, but anyways we are here to make some ticks no matter.
i saw a breaker pattern opportunity at highs, i used fib extensions to determine my immediate target, price went up fast to reach it just to reverse after,
I made some time to trade this news, Crude Oil Inventories, it came lower and demand was lower to price should fall and it did, i trade using breaker pattern all the way down to my target points 20 ticks lower, and now i´m waiting to see if i can have AB=CD structure develop to take short on C down to D and then take Long on D.