Quote from enochbenjamin:
Ok - I am going to reveal my PLAN B attack on the virgins.
Drum roll please..............
open up a 5 minute chart of ZN or ZB with the following:
21 period EMA
Daily Pivot Points
Make a notation of the opening price in relation to the pivot point and the 21 EMA.
If price opens below the pivot and below the 21 EMA - our bias is short.
If price opens above the pivot and above the 21 EMA - our bias is long.
Wait for the price to RUN AWAY. That's right, we want price to run away from us. Ideally prices will hit new lows or highs in running away. This works extremely well on news volatility.
We patiently wait for the price to come up or down to the 21 EMA and buy/sell in the direction of the prevailing trend. So if the bias is short we short when price hits the 21 EMA and if the bias is long we buy when the price hits the 21 EMA.
For best results - only use this technique on VIRGIN approaches. For those of you who have not been drinking whiskey that means only trade the first approach of the 21 EMA.
That's it - easy peasy lemon squeezy! How I make money when there are no s&r virgins around.
