Strategy for macroeconomic events.
I have a very simple and effective strategy for you today based on macroeconomic events. In short, you choose an event that has three bull heads and is consistent with the list given later in the entry. You position yourself a few minutes before the results are announced and play according to the direction of the candle that was built at the time the results were published.
How effective is this strategy? It's hard to say because a lot depends on luck, but I have to admit that while playing in the long run, you can really earn a lot of money, provided that you invest at least several dozen dollars. Why? Because strong macroeconomic events occur only a few times a week and playing for 1 dollar is completely unprofitable. First things first:
1. Go to the website investing.com and look at the economic calendar.
2. Look for the event marked with three heads of bull and compatible with the following list:
- Employment rate
-Retail sales
-Payment Balance (Commercial)
- Interest rate announcements
-Gross domestic product
- CPI index
3. A few minutes before the results are announced, visit your broker and set a one-minute candlestick chart.
4. Play in the direction of the candle that was formed exactly at the time the event results were published.
Remember to play the option for one minute a few seconds before the candle closes. Thanks to this you will be able to put the option in the most optimal position. You can view the video version of the guide by clicking on th link.
Nice to read.
Can you give a hint what pair to play for USD?
Does it matter whether it is specific?