Same here...BO opening hour of London session
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DislikedPresently I'm short usdchf ( active) and short usdjpy (pending).
I'm long nzdusd (active)
All H1 charts.
I have S/L at support and/or resistance.
At the present time, the RSI indicators agree/confirmIgnored
DislikedYou betcha Bobby.
I really don't see why i can't be making a consistent income from fx in 12 months time after getting my feet wet with the good folk here, and studying Price action. Demo trading for awhile yet, and loving it.
Best wishes to you. G.Ignored
DislikedThose all look like solid trades. USDJPY may be a little late, but may still have some run in it.Ignored
DislikedFor some traders, there are currencies that are intimidating. For me , it's the gbp. Trading it scares me to death. Every time trade it, it seems to just rape my acount, whipsawing around. Very scary sometimes. That being said, if there is a currency pair that yo have no confidence, get out.
Remember: Above All Else---Protect ypur account
Above all else---protect your acount.Ignored
DislikedGBP is extremely volatile. It seems like it fluctuates more and stronger than any other currency. Not sure why.
I also don't like GBP pairs because of this.Ignored
DislikedLG:
I also live in PST zone. Lot of BO (per your charts) happens during London session when we are sleeping. How do we catch those unless we have a pending order in both side? But that will bring lot of drawdown also in choppy market. How do you get those?
Thanks,
FX_CaliforniaIgnored
DislikedLG:
I also live in PST zone. Lot of BO (per your charts) happens during London session when we are sleeping. How do we catch those unless we have a pending order in both side? But that will bring lot of drawdown also in choppy market. How do you get those?
Thanks,
FX_CaliforniaIgnored
DislikedGBP is extremely volatile. It seems like it fluctuates more and stronger than any other currency. Not sure why.
I also don't like GBP pairs because of this.Ignored
DislikedI am not catching alot of the H1 BOs. But I am catching many of the moves on the daily chart that turn into BOs. You will notice on the charts that I posted earlier this morning where I was in the trade, that my entry was before the BO, that's because I took the entry on the daily chart....generally around 8:00-9:00 p.m. just before I stop looking at charts for the evening.Ignored
DislikedAnd just to pick on your brain: any particular guidance on how you take those trades on the Daily Chart? Following just the trend of the day before? Perhaps anticipating a 3Tap?
mDfIgnored