GBPJPY
Until you know what you are doing with M5 PASR Trend Trading, don't trade ahead of a news event.
To further show that you, along with MOST on here, do not UNDERSTAND my M5 PASR Trend Trading Strategy, you have missed the most important aspect of trading M5 - a VERY SMALL STOP LOSS. When you know how to trade it you get a HUGE REWARD for a small RISK. Your Stop Loss goes above the high of that Shooting Star! Nowhere else!
DislikedWith a public holiday tomorrow and the london session going, I had a look at the 5 minute charts while I wait for my night take off. Took this, then saw the news for GBP on the front page of forexfactory so I closed it for a small profit. I had support at 1.9460, and it had to get through the round number to get there. Think I like day charts better at the moment. Much more time to think through what I'm doing and I don't have to watch the bloody thing, but I can see the use for training your eye on shorter timeframes. {image}Ignored
To further show that you, along with MOST on here, do not UNDERSTAND my M5 PASR Trend Trading Strategy, you have missed the most important aspect of trading M5 - a VERY SMALL STOP LOSS. When you know how to trade it you get a HUGE REWARD for a small RISK. Your Stop Loss goes above the high of that Shooting Star! Nowhere else!
15 YEARS OF PASR ON FOREX FACTORY!
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