I'm new to this site, but I have been reading a lot your threads
What ya'll need to remember is to be smart and know when to trade!
Now I'm on the west coast of the US - so think PST and U do the math.
The 1st 1/2 hour of EUR (11:00pm > 11:30pm) Be Carefull - watch for head fakes - take your pips and then wait until London comes on! Then WAIT ---
They like their tea & crumpetts (sp?) - so let them sip & nibble for bit. Then start looking hard about 12:30am to 1:00am (PST). Watch for a trend and jump on and if it's solid stay on for the ride - if not it's Snipe em time and do not be greedy! If you can get 20 pips a day U R doing really good!
There are many other times to trade and not to trade, but thought I would give ya'll my 2 cents worth on this time frame
FYI - I average well over 100 pips a weeks - real money!
What ya'll need to remember is to be smart and know when to trade!
Now I'm on the west coast of the US - so think PST and U do the math.
The 1st 1/2 hour of EUR (11:00pm > 11:30pm) Be Carefull - watch for head fakes - take your pips and then wait until London comes on! Then WAIT ---
They like their tea & crumpetts (sp?) - so let them sip & nibble for bit. Then start looking hard about 12:30am to 1:00am (PST). Watch for a trend and jump on and if it's solid stay on for the ride - if not it's Snipe em time and do not be greedy! If you can get 20 pips a day U R doing really good!
There are many other times to trade and not to trade, but thought I would give ya'll my 2 cents worth on this time frame
FYI - I average well over 100 pips a weeks - real money!