Thursday 8 January 2009

1 Minute Wonder

Hi,

Hope you are all well!

Anyway I decided to post this video; this shows one of the methods I use to trade on 1 minute charts.

I use stochastic 5,5,5 along with good support and resistance zones. What I'm after is quick gains that normaly last around 1-5 mins.

The aim of this system is to catch the bounce of the s&r areas which often provide 5-20 pips worth of profit.

If the trade reverses and breaks the zone I'm trading from by around 7 pips then I will exit the trade.

This little method is one I use to trade the futures time to time but it can also be used on forex as the video will show.

Anyway I hope you like it.


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