30minute & 5minute chart, the reason for this is that the first 30 minutes of trade is the most important data we can capture for a trading day. If there is news that has come out or any factors we arenÂ’t aware of it will be reflected in the first 30 minutes of trade. We use the 5minute chart for a trigger Method: The ALSI opens at 8.30am we donÂ’t do anything until 9am. Once we have the first 30minute candle close (the candle from 8.30-9:00) we mark off the high and the low of this candle with horizontal lines, precision is key here. From this point we have our parameters to go long or short as well as our stop loss level. There are 3possible outcome to our trade. 1: Take profit of 80-200 points 2: Getting stopped out 3: Taking a small profit We have a healthy risk:reward ratio with this strategy and good hit rate. This is a breakout strategy which works quite well. I am unable to quote source hence inverted commas. One can get up to three good trades in a day
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