The release candle

This is the reason behind the news rule, stated as a measurement rather than as caution.

Measure the release candle

The 5 minute candle that carried the release ran from 2,455 to 2,477. Twenty two dollars, in five minutes.

The 5 minute candles before it covered about two dollars each. Module 29 used that same figure when you wrote your own threshold for ending a day.

One candle covered eleven times what the surrounding candles were covering.

Measure the setup

Now the trade from the last lesson. Entry 2,471, stop 2,466, first mark 2,477.