Choose the scripts which have volatility in them :-
1. CRUDE OIL - Inventory is released on WEDNESDAY of every week @ 8:00 pm (IST) & 10:30 am ( US )
2.NATURAL GAS- Inventory is released on THURSDAY of every week @ 8:00 pm (IST) & 10:30 am ( US )
3. GOLD- Data released on every THURSDAY (Unemployment Claims) @ 6:00 pm in the evening.
4.SILVER- Data released on every THURSDAY (Unemployment Claims) @ 6:00 pm in the evening.
TECHNIQUE:-
1. You should have two different trading accounts in a same or different broking companies .
2.Both the accounts should have at least 50k in each.
3. Be ready when inventory releases.
PROCEDURE:-
Taking example of CRUDE OIL
1. BE READY AT THE TIME OF INVENTORY @ 7:59PM.
2.WHAT EVER IS THE RATE @7:59 JUST BUY 5 LOTS IN FIRST ACCOUNT AND SELL 5 LOTS IN ANOTHER ACCOUNT , THE DIFFERENCE CAN BE MAXIMUM OF 2 RS ( BUY @ 6055 & SELL @ 6056 OR 6057)
3.KEEP A STOP LOSS( SL) OF 7 POINTS ON BOTH THE SIDE .
4. ON BOTH THE SIDES WHILE PLACING A (SL) JUST DOUBLE THE QUANTITY OF LOTS ( ON BUY SIDE THE (SL) WILL BE 6048 , SO WE WILL PLACE THE (SL)
OF 10 LOTS @ 6048 & VICE VERSA ON SELLING SIDE ALSO).
5.TARGET WILL BE MAXIMUM OF 25 POINTS & MINIMUM CAN BE 18 POINTS.
6. SO WHEN INVENTORY RELEASES JUST BOOK THE PROFIT ON ONE SIDE AND EXIT THE TRADE AS SOON AS POSSIBLE , BECAUSE MARKET CAN TAKE REVERSAL AT ANY TIME ( TRADE TIME WILL MAXIMUM 30-45 SECONDS).
7. YOU WILL BOOK AT LEAST 30 POINTS IN THIS TRADE IN 10 LOTS AND MAXIMUM CAN BE 40, 45, 50 .......(DEPENDING ON THE MOVEMENT).
ENJOY THE PROFIT........