IMPORTANT: We answered all the questions and you'll find the latest answers at the second comment page.
Dear customers, friends and interested traders,
today we want to share our Blueball Trading System with you.
First of all, you may have a look at the screenshot to see how we set up our charts. The trading rules are explained in detail directly below.
The main question is: Where can arise a bigger price movement?
You'll find the biggest price moves with a great momentum right after news events but How to select the right News events for trading? (must-read article)
In addition, we recommend reading the following article about News and Economic Data That Affect Forex Market Movements to get some background information.
After the news are published we are waiting for about 3-5 minutes until the price finds its direction and the spreads are normalized.
If all checks are successful and we see a clear movement we can enter a short trade and use Powerplay trailing stop based on M15 or M30.
Exit: It depends on you if you want to trail the whole move or exit at the next SR level or close the sell trade if the calculated delta between the involved currencies is lower than 1.0