Trading the speed of the Market on GBPUSD - T133
Selling the GU tonight after London Open on the Tick Charts.
My journey on the Tick charts is leading me into ideas and methods I have never tried before in Forex trading before. Perhaps I am searching for the holy grail in scalping that can gurantee a high win rate, perhaps it doesn't exist. Either way I am happy to share a few roads that may lead me somewhere important.
I am really seeking to find a profitable and dependable scalping trading method to match my long term strategy's.
Here I am trading candles which contain 133 trades per candle and match it up with a indicator that tells me the time each candle takes to close. This shows momentum better in real time over time base charts with volume indicators.
It seems tonight on the GBPUSD, when speed on the candles doubled, it was time to sell.
I sold when the average speed increased to around 10 seconds per candle. Normal price action patterns told me direction.
We are talking about 20 - 30 pip trends with large trade size.
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