DislikedMorning Adrian. Do you have time to quickly explain this?
Well done on your 5 minute trade!Ignored
A quick summary of the 'Knee-Jerk' effect:
At the time of the updates the price movement for the first few seconds or so (sometimes slightly longer) tends to travel in one direction and then almost immediately reverses and goes in the true direction of the update.
It is best too view this on the 1 minute - 5 minute charts. It does however take a little practice to get it more often correct than not so, but after a while and if 'not too greedy' it is possible to get anywhere from say +10 to +50 pips profit. I like to let this run for the first 5 minutes or until it reaches the first fake back......
I'm sure if and when Cloggie gets here he can better explain this, but this is how I have managed to get what I have thus far from these 'knee-jerk effects.
Hope this helps.