20190115 Trading the "1" in EURUSD M15.
Trading in 20190115 EURUSD M15 chart was studied. At the time 02:15 UTC+7 Graph Reader Pro for TradingView counted CC59 downward and completed its required cycle at -9 (but the count continued to -14). At 03:45 CC59 counting changed upward to +1 but next bars could not close above its high point so this +1 bar was then discarded. At 05:00 the forex market started its new day. From this point on, Graph Reader Pro laid 3 white horizontal lines for the opening level of the day in the middle and for opening +- ADR/2 at the top and bottom respectively. It also laid 2 green horizontal lines for the high/low of yesterday at the top and bottom respectively. At 06:00 bar, an alarm with a message of "CC59 = +1" was sent out on the screen, to the email, and to a smart phone. This +1 bar was a long bullish one with a high of 1.14713 USD/EUR. At 06:30 the +3 bar closed at 1.14717 USD/EUR above the high of the +1 bar this was a buy point. After that at 08:30, the price climbed up to 1.14897 USD/EUR during the +11 bar or went up +18 pips in 2 hours. If an investor expect a reasonable profit such as +15 pips, this trade would have been a good one to slowly grow an account.
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