How to trade the second market move?
Second or even third market moves often occur after news events. In this movie, we are watching the scalping trade opened without consideration for a pending news event. Luckily, the first trade ended with Break Even only because the trade was opened by following the rules of X-Scalper 3.0 and Short Term Barometer.
The question remained whether we should trade the second market move, triggered by a “yellow” news event (moderately significant). Since no other news interfered with the trade, we decided to open the second trade. After a deeper retracement end, we profited 28 pips from the trade.
PLEASE REMEMBER:
It is important that you have enough experience with demo and real account trading to be able to execute trades on the second market move.
If the news event is "red", which means very important - you shouldn't scalp-trading this news event.
Other long-term strategies could be used after you analyze well how this particular news event affected the market.
If you trade by the rules and wait for the proper overextension, Short Term Barometer and X-Scalper should, in most situations, save you from bad trades, even if you underestimate the news event.
Trade the second market move triggered by the news only if you're experienced trader!
Never scalp-trade market moves generated by the "red" news events!
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