Post 2 out of 5 time frame strategy thur-friday success.
My previous post I showed an example of a time frame swing trade. This post is an example of my time frame trend continuation strategy.
At 5 pm it was safe to enter a sell. MACD histogram correlating with -D above 25 line was a strong indication of consolidation ending for a drop.
The trend played out as we see the drop. At the 12am mark all indications (MACD, ADX, currency heat waves) checked out the trend continuation so I stayed in the trade. Trend continued allowing me to formulate the trend to ride at least until 8 am.
If this was a swing I would close out at 8am however all indicators continued to confirm the downward trend. At this point you can use your knowledge to close out once consolidation sets in. I closed out after 2pm and racked in 385 pips.