HOW TO TRADE AFTER BIG NEWS
ON FRIDAY YELLEN SAID THAT THERE IS A POSSIBILITY FOR INTEREST RATES TO BE RAISED. THAT IS THE REASON FOR THE BIG MOVE THE BLUE LINE SHOWS. WAIT FOR A RETRACEMENT ON THE 15 MIN THAT SHOWS AN OVERSOLD OR OVERBOUGHT RSI (depending obviously on the direction of the retracement.) OPEN AS MANY TRADES AS YOU WANT BUT TAKE OUT THE 80% OR 75% OF THOSE TRADES ON THE TP1. LEAVE THE OTHER RIDE THE WAVE AND TAKE OUT WHEN COMFORTABLE.
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