Hey guys i have traded a the last 2 hours of the asia session for the last weeks.
I enter a trade when the the price close out of the bollinger and close then in the bollinger.
I scalp that for a few pips on usdjpy eurusd
I trade that hours because i cant stand up earlier and after london open i get too many trends ( The hours i trade trends are small and dont as often as the rest of the day)
As is said i trade for a few pips around 3-4 but its a breathing process not set tp at 10 and sl at 5 and you win.
I have a stop loss but only for security. When the market goes against me and a new trade shows up i enter a new trade with 1,5x-2 x the trade size and close all positions when im in a fixed Money profit not Pips (that would not work imo). Most of the time the market goes the whole way back to the first position. But when that not happen the next trades with bigger pip value are saving my butt.
I hope this makes sense. It works really well for me. But i only traded it with a small acoount (but live) It would be nice to know if traded with a bigger lot the thin volume would be a problem.
Questions or recommendations are very welcome!
I enter a trade when the the price close out of the bollinger and close then in the bollinger.
I scalp that for a few pips on usdjpy eurusd
I trade that hours because i cant stand up earlier and after london open i get too many trends ( The hours i trade trends are small and dont as often as the rest of the day)
As is said i trade for a few pips around 3-4 but its a breathing process not set tp at 10 and sl at 5 and you win.
I have a stop loss but only for security. When the market goes against me and a new trade shows up i enter a new trade with 1,5x-2 x the trade size and close all positions when im in a fixed Money profit not Pips (that would not work imo). Most of the time the market goes the whole way back to the first position. But when that not happen the next trades with bigger pip value are saving my butt.
I hope this makes sense. It works really well for me. But i only traded it with a small acoount (but live) It would be nice to know if traded with a bigger lot the thin volume would be a problem.
Questions or recommendations are very welcome!
