ok thanks!! I decided to take a small short position @.8141 I kept my position small, so far it is working out nicely, Since I don't trade this pair I decided to leave TP open since I'm banking on some news and have a pretty tight trailing stop, which I don't use normally.Since volatility seems to be dead around here lately I figured I would try to make a few pips here and there off this pair because of the value. Are there certain things you look for at London open with this pair?
I've tried a "tunnel" system with other pairs at london open with mixed success, IE drawing support and resistance off the 4 hour and then going to 15 min TF and watching for price action breaks of those lines and then a confirmation close outside.
I am a 90% midterm trader but am looking to get into holding more trades short term
I've tried a "tunnel" system with other pairs at london open with mixed success, IE drawing support and resistance off the 4 hour and then going to 15 min TF and watching for price action breaks of those lines and then a confirmation close outside.
I am a 90% midterm trader but am looking to get into holding more trades short term