These charts show where I would have entered new positions using the 4hr. The GBP/USD lined up today, and although I do not trade that pair I want to see the result of this system. The Weekly reversed, the daily and 4hr lined up...I placed a market order to SELL at 1.4499. The weekly PSAR signal completes on a Friday and normally the trade would be placed on Sunday evening GMT, but as I will be away for a few days I have already entered and posting the trades now.
The EUR/JPY has shown a reversal Weekly PSAR, daily and 4hr are now in alignment. A market order BUY at 127.66 was placed late today. Same as before, I will be unable to enter the market on Sunday evening which is why I will be holding these positions through the weekend.
Of course, due to low volume over the last few days this is not the ideal time to trade, in fact I strongly advise against it...but let’s see if the 4hr strategy works in an unsettled market over the next week....
Happy Trading
The EUR/JPY has shown a reversal Weekly PSAR, daily and 4hr are now in alignment. A market order BUY at 127.66 was placed late today. Same as before, I will be unable to enter the market on Sunday evening which is why I will be holding these positions through the weekend.
Of course, due to low volume over the last few days this is not the ideal time to trade, in fact I strongly advise against it...but let’s see if the 4hr strategy works in an unsettled market over the next week....
Happy Trading