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Perfect spike at cash open but doesn’t run

< 1 min read

Jigsaw trades are only valid when the spike is (1) very clear and (2) into levels. I apply the Rule of 3 to improve trade selection. These trades don’t tend to run so it needs have 80% off at 1:1.

These trades would not be worth bothering with except that they come into their own when ATR is low, as they are a mean reversion trade. This makes it worth learning trade but trading it lightly in trending markets.

https://youtu.be/9BJrVTpXdcE
Jigsaw trade setting up on 18 Mar
Spike down to KL and enough time to get into the trade – but it overshoots the open price by a couple of pips and then reverses.

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Perfect spike at cash open but doesn’t run
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