So after a lot of work last year trading my Kings Box Strategy / M5 charts - it has led me to focus right at the core of a trading chart.
I am looking at the speed of the tick market to indicator to me that some traders are moving through these voids faster than normal.
Matching it with the 1 minute chart, I can see 70% a clear indicator when the M1 chart is going up or down.
On Friday night around 9pm trading GBPUSD, I picked the run to exhaustion to within 2 pips and then took the bounce trade back up to the next liquidity pool area within three pips. OK, there is always a bit of luck in trading but I was shocked how well I timed a few moves.
So when I take M1 trades, I place limit orders in these liquidity pools within the 1 minute chart in the direction of major Liquidity pools based on the M15 chart when the final Target also lines up with a target of the H4 chart.
In effect I am aiming towards resistance zones rather than the norm of trading away from these zones.
So far this method has allowed me to achieve a 95% win rate when trading the M1 chart. These trades are only small around 2-10 pips due to the small ADR of the 1 minute candle. My broker is very happy and I get to collect 80+ pips a night after expenses for 2-3 hours work.
I need to get a life, its a nice Sunday Morning.
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