this "system" is half and lacks additional info.
sorry for your time.
Update 12.10.2017
I want to share some of my finding and some info collected from good people of FF and will write the "system" again.
- We trade the "reversal of spikes" (mentioned as jumps in other posts)
- 1 min TF
- Trading time 21:00 - 22:00 GMT (17:00 - 18:00 EST) I am GMT +3 so i will from now on mention all times for gmt +3 which is 00:00 - 01:00.
- Between this time spreads are wide, usually sliipage happens but its tradeable. Any pair is fine but i prefer major with good spread. usually EURUSD and USDJPY.
- From time to time a quick spike happens and you get in trade with max lots your account allows on opposite of the spike. you trade reversal.
- So lets say price jumped "up" 5-6 pips you enter a SELL trade and take profit Lengt of Spike - Spread - Commission.
- Usually you go for 2-3 pips but spikes reverse %90 of the time. So good profit potential with max lots.
- DD is quite minimum because there isnt much changes during that time and price usually between a range.
More info on spikes...this is the scalping of banks and insutitions and big players. they cause these spikes. and take profit on spike reversal.
But i still couldnt find what are the key levels of these spikes and what range they move. usually i trade only +4-5 pip spikes when spread is good.
It could have to do something with CFDs which startes after hours trading at 23:15
Maybe low volume spike reverses or it has to do something with correlations.
*** None of the forex indicator I tried works. rsi sto moving average vwap fibo pivot etc. nothing makes the price behave to lines or info given by any indicator.
I dont have access to people who showed me this system. so thats all is my findings.
trying to give all info i have. maybe add more is something comes to mind. just please keep in mind i am not trying to teaching anything. just giving an info and try to do reverse-engineering. my brain couldnt solve this alone İ still trade this btw. but not now due to need of money in my account. but will continuwe in a short time. so looks like a good oppurtunity to search more.
all the best
Cemil
sorry for your time.
Update 12.10.2017
I want to share some of my finding and some info collected from good people of FF and will write the "system" again.
- We trade the "reversal of spikes" (mentioned as jumps in other posts)
- 1 min TF
- Trading time 21:00 - 22:00 GMT (17:00 - 18:00 EST) I am GMT +3 so i will from now on mention all times for gmt +3 which is 00:00 - 01:00.
- Between this time spreads are wide, usually sliipage happens but its tradeable. Any pair is fine but i prefer major with good spread. usually EURUSD and USDJPY.
- From time to time a quick spike happens and you get in trade with max lots your account allows on opposite of the spike. you trade reversal.
- So lets say price jumped "up" 5-6 pips you enter a SELL trade and take profit Lengt of Spike - Spread - Commission.
- Usually you go for 2-3 pips but spikes reverse %90 of the time. So good profit potential with max lots.
- DD is quite minimum because there isnt much changes during that time and price usually between a range.
More info on spikes...this is the scalping of banks and insutitions and big players. they cause these spikes. and take profit on spike reversal.
But i still couldnt find what are the key levels of these spikes and what range they move. usually i trade only +4-5 pip spikes when spread is good.
It could have to do something with CFDs which startes after hours trading at 23:15
Maybe low volume spike reverses or it has to do something with correlations.
*** None of the forex indicator I tried works. rsi sto moving average vwap fibo pivot etc. nothing makes the price behave to lines or info given by any indicator.
I dont have access to people who showed me this system. so thats all is my findings.
trying to give all info i have. maybe add more is something comes to mind. just please keep in mind i am not trying to teaching anything. just giving an info and try to do reverse-engineering. my brain couldnt solve this alone İ still trade this btw. but not now due to need of money in my account. but will continuwe in a short time. so looks like a good oppurtunity to search more.
all the best
Cemil