Hi
I thought I'll spice this place up After a very long time. The News trading method is part of my trading plan. It always has been and will remain for times to come.
Here is how I played Today's FOMC on USD/JPY and NAS100 ...
Rule 1: Wait for at least 15-20 pips spike (here its very good spike)
Rule 2. Price MUST not go past the Post News Price Level.
Rule 3. Wait for pullback entry and boom
UJ M1 - Uj is a good pair for FOMC and NFP. It's smooth when its smooth and really momentum and smooth when volatility rises. It's very elastic.
FOMC UJ.png
On the other side, from the Indices, NAS100 is smooth like butter. If US30 is really crazy spiky.
FOMC NAS100.png
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What is the Secret of Successful Trading?
The Consistent Pursuit of
DS1
The thing that makes me money in trading is when I
"Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch
THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".