Jysticim
Thank you for the chart. Correct me if I'm wrong:
Rules
1. Take a position at 10am London time = the beginning of 3rd bar from London open. Short if the previous bar/2nd bar/9-10am is negative/downward, Long otherwise.
2. Close the position 23 hours later at 9am next day unless SL hits.
If I'm right, this system has a tremendous possibility. I really like the idea that you enter once a day at London opening. I'm trying this kind of trading method for a long time with fair success. The key is SL, TP, and BE, I think. Also, I'm a little more flexible about the entering time. I use stochastics to find when to enter.
Good luck!
Thank you for the chart. Correct me if I'm wrong:
Rules
1. Take a position at 10am London time = the beginning of 3rd bar from London open. Short if the previous bar/2nd bar/9-10am is negative/downward, Long otherwise.
2. Close the position 23 hours later at 9am next day unless SL hits.
If I'm right, this system has a tremendous possibility. I really like the idea that you enter once a day at London opening. I'm trying this kind of trading method for a long time with fair success. The key is SL, TP, and BE, I think. Also, I'm a little more flexible about the entering time. I use stochastics to find when to enter.
Good luck!