15 minutes after a stock opens for trading. That should trigger a long trade. Based on the direction of the initial impulse, wait for a breakout from the consolidation in that same direction. The price may pull back and stall out, forming a consolidation where the price moves sideways for two or more minutes. There should be a distinct impulse wave, a distinct pullback, and a distinct consolidation during the pullback. This pattern could occur throughout the day. If the price falls off the open, the pullback and consolidation may occur below the opening price. A breakout in the opposite direction of the impulse isn't traded.
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Catching the first cours de la bourse crypto monnaie trade of the day with this strategy can have a substantial impact on overall profitability. As a trend-following strategy, this can be used during most time frames and in most markets. For example, if the price rallied off the open, then pulled back and consolidated occurs above the open price, wait for the price to breakout above the consolidation. Review these five different methodologies to pursue profitable trades. Forex Strategy for, day Trading the Non-Farm Payrolls (NFP) Report. Day Trading, false Breakouts. One of the Best.
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