GBPUSD May 21 H1 trading,
When not to trade this pair?
After London session closed and when it is near NY session closing hour and market transition to Sydney session.
At all times when you take a trade no matter which timeframe, alwasy pay attention to support and resistance to the left of the price action. You want to pick a trade which has momentum and where there is no nearby support and resistance so that the price can move into profit quickly with higher probability. It is also important that you use the Average Price Bar / HeikenAshi candle when you trade TMS 5-Method.
When not to trade this pair?
After London session closed and when it is near NY session closing hour and market transition to Sydney session.
At all times when you take a trade no matter which timeframe, alwasy pay attention to support and resistance to the left of the price action. You want to pick a trade which has momentum and where there is no nearby support and resistance so that the price can move into profit quickly with higher probability. It is also important that you use the Average Price Bar / HeikenAshi candle when you trade TMS 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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