Moved by "Fooled by Randomness" I'll try to apply some of ideas into trading.
Will post some ideas befor and taken trades after, so we can see am I right more than average
The idea is that sometimes fundamentals and price touching SR lines brings overreactions from markets.
First Watched today was USDCHF with it GDP. results wasn't suprising so any spike if happend should be recovered. Additionally daily chart is on top of a range, so ideal for trade would be spike up. As can be seen on the chart nothing happen [white dotted line is a release moment]. No trade.
Next to come:
09:30 GBPUSD
14:00 CADUSD
15:00 USD pairs [JPY, GBP, EUR] [-5.5 - -0.5]
01:30 AUDUSD [-0.1 - 0.4]
PS.
Yellow line is taken from FX 1M Bounce system
Will post some ideas befor and taken trades after, so we can see am I right more than average
The idea is that sometimes fundamentals and price touching SR lines brings overreactions from markets.
First Watched today was USDCHF with it GDP. results wasn't suprising so any spike if happend should be recovered. Additionally daily chart is on top of a range, so ideal for trade would be spike up. As can be seen on the chart nothing happen [white dotted line is a release moment]. No trade.
Next to come:
09:30 GBPUSD
14:00 CADUSD
15:00 USD pairs [JPY, GBP, EUR] [-5.5 - -0.5]
01:30 AUDUSD [-0.1 - 0.4]
PS.
Yellow line is taken from FX 1M Bounce system
Attached Image