Hello all
I found this thread while browsing the 'systems' section on FF. This looks promising and I look forward to trying it. Though it is hard for me to do so because I work overnight during the times of both the NY and London open. But I am still going to pursue this strategy.
I do though have a couple of questions.
1. What kind of leverage do you all use? Seems to me that you would have to use pretty high leverage which, as leverage goes, would be a good and a bad thing.
2. This is done on the 5 minute chart, right? I went through the first few posts which said to use the 5 sec TF. But then after the rules were redone it said to use the 5 min. Just making sure.
3. Also one other question and this has to do with knowing when the move is over. I know that you are all shooting for 140 pip return on each of the trades you do, but does any one use supply and demand analysis to know when the current trend is ending?
Thanks and I look forward to trying this strategy and of course making money from it! Also look forward to watching this thread.
AAW
I found this thread while browsing the 'systems' section on FF. This looks promising and I look forward to trying it. Though it is hard for me to do so because I work overnight during the times of both the NY and London open. But I am still going to pursue this strategy.
I do though have a couple of questions.
1. What kind of leverage do you all use? Seems to me that you would have to use pretty high leverage which, as leverage goes, would be a good and a bad thing.
2. This is done on the 5 minute chart, right? I went through the first few posts which said to use the 5 sec TF. But then after the rules were redone it said to use the 5 min. Just making sure.
3. Also one other question and this has to do with knowing when the move is over. I know that you are all shooting for 140 pip return on each of the trades you do, but does any one use supply and demand analysis to know when the current trend is ending?
Thanks and I look forward to trying this strategy and of course making money from it! Also look forward to watching this thread.
AAW