Friday, Oct 7, a "non farm payroll" night. Markets go super volatile at 8:30pm Singapore time. We are on standby, once market cool down, it's time for us to look out for opportunities.
For traders who always think that their mouse clicking skill is slower, 6A (AUDUSD) is likely the slowest contract as compared to the others (compared to few contracts that we are monitoring in Sniper Club).
I shall deploy 'level I' skill for 6A. Pairing Waves with BBT. [Recently, I tasked one of our new FX trader doing this exercise every night on crude oil, she is progressing very well.]
1) Price closed below BBT, Waves is down, sell on pull back to Waves. Vice versa, price closed above BBT, Waves is up, long on pull back to Waves.
2) All trades must be base on candlesticks signal and taking profit base on 1.5x of that signal.
3) Since this is Level I game plan, position size: small.
Trading can be simple. It's the trader who always like to make it complex.
Have a nice weekend.
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