Change of name, do we still call you Dave. I took a trade on...

  1. 320 Posts.
    Change of name, do we still call you Dave.
    I took a trade on China news. I didn't know you had written up the strategy so only winged it
    on what you had said yesterday.
    Tested it live as I don't have demo. waste of time on demo anyway as you get false entry and
    exit points.. Had no trouble on entry price on open of next candle .72763. Closed @ .72838
    Only traded .1 Lot size as only testing. profit converted to my account. AUD. $ 10.

    Mainly tested to see how much time I had between the news notification and entry after 5M
    candle close to enter. Plenty of time to read initial abbreviated reports and enter.
    Set Stops and T/P after entry.
    Now you obviously wouldn't trade it when it is a 7 pip trade 1:1. The purpose was a time
    test on entry. So if ratios are consistent on all trades 1:1 it will be worth trading.

    Looking at the price now , I don't think such a small pip movement is what you would
    trade. So I will keep trading it on hopefully bigger first 5M moves. Now I will read your
    strategy.
    Chart after trade close .

    AUDUSDM5.png
 
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