Keep monitering this vertical line as this is going to be at least a 500 pip minimum trade at this reveral point. Most likely its going to be a top, to which I am almot 99% certain it will have a large move fom this point to the down side, could be a 1000 points move. If it turn out to be a bottom, its still a valid trade to take to the up side as this will be the exact reversl point
The beauty about my strategy is that its can only be + or - 1 candle away from top or bottom. Use your own strategy to validate your entry point as I only use a calculator wthout any indicators for this type of move.
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Apologies, still getting to knw the tradeing iew interface, Just made an error, which could be misleading for the title of the post. I meant 500 point move on the 4 HR time frame and not, 500 pip move in just 4 hours
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The set up did not commit to a high, However as I mentioned its a perfect trade to still take to the upside id it makes a bottm instead.
So if you are in the trade, raise your stops to the entry point. and cash out on third of your contract and let the rest roll to the target
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I was almost 25 pips away from 500 points target. I will get out from the market as its Friday. Happy trading to everyone..
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