Well, I trade S1 (thick 1 second) and M1 + M5.
I love S1 because it just tells you when price made loads of support and resistance on that value. It is for sure that price will retrace.
When News are on, you can see price not making so much of this Sup/Res lines. It stays like nuts everywhere.
After News, price starts going fast in 1 direction, move to M1 and you will see spikes.
You need to be fast, serious fast.
1- You can catch on the reverse of the first big candle, which is going to make a big wick. ======= Only if you still have 30 Seconds left on a M1 candle and price stalls for 5 to 10 seconds ========
2- If price stalls for 10 seconds after closing the last candle, than you go in as price will reverse at least 25 to 50 %.
This is very dangerous if you do not hve the S1 to see what price is doing.
And you may loose 70% of the account if you go crazy lot side Like I did.
I had big, no, no huge winnings, but lso the losses were too many and took 70% out of account.
I only want to see when News are, so I can avoid them, or be carefull.
Because now a days, I only trade 0.01 lot and have ?20 in the account. So even with small trades, I need to avoid news otherwise will take out my SL.
Please also comment my trades on
I have last 2 trades with loads of questions.