Disliked{quote} I sad reality is that GBP/JPY can move 1-2% in a heartbeat, which leaves people trading with even 50:1 leverage and no leverage at the hands of the market. It is clear to see most of us swing trade or have some sort of bias towards one direction, but it would seem much easier to trade this pair day by day and not carry any trades over night. What do you guys think?Ignored
I think is the most reliable indicator next to moving averages and fibonacci levels. I keep all my trades open overnight because as a swing trader I know what the market will normally do if its trending. Also, if you have enough capital in your account to cover negative retracements, it doesnt matter if your trades are negative, as long as they come back around to the trend......that's more of a position trader idea.