Sorry about the charts. Typically we get 2 entries a day if you're aggressive and like to stare at charts for 10 hours.
This image of GBPCHF is a trade I entered after London Open just after UK trade balance. I consulted the 1hr CCFp then the 15min then the 5min. All agreed that GBP was overvalued against the CHF so I was looking for a short entry. The CC agreed on smaller time frames so I knew there would not be much retracement before the major selloff. Normally I will enter a limit order at 5-10 pips better than market to avoid drawdown but this trade was set to selloff quickly. The trade was worth 78 pips max but I only took 10 during US session. I exited the trade because the 15min had rolled over and looked like we could go long on a strong retracement.
This image of GBPCHF is a trade I entered after London Open just after UK trade balance. I consulted the 1hr CCFp then the 15min then the 5min. All agreed that GBP was overvalued against the CHF so I was looking for a short entry. The CC agreed on smaller time frames so I knew there would not be much retracement before the major selloff. Normally I will enter a limit order at 5-10 pips better than market to avoid drawdown but this trade was set to selloff quickly. The trade was worth 78 pips max but I only took 10 during US session. I exited the trade because the 15min had rolled over and looked like we could go long on a strong retracement.
It really is that easy.