First of, if you havent register with DERIV broker CLICK HERE . This is the only Broker that trades V75 and likes.
One of the most simplest and most traded index on the Deriv broker is V75. If you decide not to trade any other pair anymore and focus all your attention on V75, you are making the best choice for yourself, but only if you can understand how V75 plays on the chart. So many people have testify to these.
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Without bugging you with so much stories. i want to simply open you to a trick to trading Volatility 75, its called trading the trend line.
If you look at the above picture properly you will be able to tell that on the left hand side of the market was bullish and actually followed through the trend lines by moving to the up direction until it got to a major resistance before the market started falling downwards. Now look at the left hand side of the chart, its a downward movement, respecting the resistant trendline until it broke through.
I will walk you through the process, its extremely simple.
First thing to do is to set your time frame to 1H. Now if you are going to trading the uptrend, you need to spot two or more zones that the market couldnt breakthrough, its called the SUPPORT area, then draw your trend line underneath them.
The image shows that i am making use of the two circled zones to draw my up trend line, and all i am looking out for is any buy opportunity which could be found from the second circle. You can easily get into a BUY position after u get green candle and ride on profit for a while.
WHEN TO CLOSE?
To trade the downtrend, simple same process but this time around u have to spot two or more RESISTANCE zones and then draw your trendline above them and look for SELL opportunities and RIDE ON.
the end.....
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