The News Breakout Snatcher

SETUP

Pairs: All pairs

Time frame: Daily and 15mins

Indicators: sma5

BUY TRIGGER

For a buy trigger, first of all, several hours before news release, say 3-4hrs, go to daily

chart of your chosen pair to make sure sma5 on daily is in a clear buy mode as shown below;

Then two hours before release of news, switch to 15mins chart and watch out for a

two consecutive close of candle above sma5 and when this occurs, you may take a

long position at retrace of price to touch sma5 after the open of the third candle.

Chart-2

STOP LOSS

Set your stop loss below the most recent swing low before the two consecutive candle

close above sma5.

EXIT TARGET

Your exit should be targeted at the next key resistance level at sight.

NOTE

If sma5 on daily chart is in sell mode, and 15mins chart triggers a buy just before

news release, then your exit should be set at the price of sma5 on daily chart. More so,

if sma5 on daily is in buy mode and 15mins chart triggers a buy then do not expect

any correctional move after the effect of the news because the trigger for a buy on the

15mins chart would be considered a trend booster since sma5 on daily chart is in clear

buy mode however, if sma5 is in sell mode on daily and 15mins chart triggers a buy,

then you should expect a correctional move of price after the news effect in the

direction of the trend on daily…such correctional move is confirmed at first candle

close below sma5 (not two) on the 15mins chart.

SELL TRIGGER

For a sell trigger, first of all, several hours before news release, say 3-4hrs, go to daily

chart of your chosen pair to make sure sma5 on daily is in a clear sell mode as shown

below;

Chart-3

Then two hours before release of news, switch to 15mins chart and watch out for a

two consecutive close of candle below sma5 and when this occurs, you may take a

long position at retrace of price to touch sma5 after the open of the third candle.

STOP LOSS

Set your stop loss above the most recent swing high before the two consecutive candle

close below sma5.

EXIT TARGET

Your exit should be targeted at the next key support level at sight.

NOTE

If sma5 on daily chart is in buy mode, and 15mins chart triggers a sell just before

news release, then your exit should be set at the price of sma5 on daily chart. More so,

if sma5 on daily is in sell mode and 15mins chart triggers a sell then do not expect any

correctional move after the effect of the news because the trigger for a sell on the

15mins chart would be considered a trend booster since sma5 on daily chart is in clear

sell mode however, if sma5 is in buy mode on daily and 15mins chart triggers a sell,

then you should expect a correctional move of price after the news effect in the

direction of the trend on daily…such correctional move is confirmed at first candle

close above sma5 (not two) on the 15mins chart.