Whilst checking out my system on the Ibex recently I noticed...
In 15 minute chart if the 7:45 am candle suddenly goes up or down 40 odd pips (one of those big ass candles)
then at the open at 8am immediately open a position in the opposite direction
same for 30 min chart
if the 7:30am candle (pre official open) surges up to form a long green candle
at 8am immediatelt sell. Seems quite accurate and profitable from the data I have.
If your position is going with the trend you could lock in some profits after the 15 min candle closes and let it run or if it is counter trend close your position as soon as 8am 15 min candle closes.
I currently have Ig index pro real time charts and only have data for the past month, does any one have the Pro real time subscription they can go back further with?
In 15 minute chart if the 7:45 am candle suddenly goes up or down 40 odd pips (one of those big ass candles)
then at the open at 8am immediately open a position in the opposite direction
same for 30 min chart
if the 7:30am candle (pre official open) surges up to form a long green candle
at 8am immediatelt sell. Seems quite accurate and profitable from the data I have.
If your position is going with the trend you could lock in some profits after the 15 min candle closes and let it run or if it is counter trend close your position as soon as 8am 15 min candle closes.
I currently have Ig index pro real time charts and only have data for the past month, does any one have the Pro real time subscription they can go back further with?
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