80% of the time the market either ranges or drifts back to the Asian session. I run at a 90% win rate by taking the most likely trades in these conditions.
I think this is only possible by taking 1 to 1 - 1 to 2 risk reward and trading one or two pairs. i think really good traders can stay in for 100 pips but unfortunately
I can only do 20 to 30 pips before the mind starts playing tricks. Placing your stop in the right place is key - in my opinion you need to have a 20 point stop for GU (130 ATR) and only a 10 pip stop for EG (70 ATR). EG is great for beginners because you just won't get stopped out much. Also it goes in the opposite direction as GU in
the London session - can drift of when New York kicks in. If you are struggling with your trading look at these two pairs on the 4 hour, 1 hour and 5 mins and you will be surprised at your results - demo it for a couple of weeks. Pound dollar and euro pound - focus on the 4 hour charts. This is only 20 to 40 pips a day from 2 to 3 opportunities - mainly before New York open. have a look at these two pairs and you might be pleasantly surprised.
I think this is only possible by taking 1 to 1 - 1 to 2 risk reward and trading one or two pairs. i think really good traders can stay in for 100 pips but unfortunately
I can only do 20 to 30 pips before the mind starts playing tricks. Placing your stop in the right place is key - in my opinion you need to have a 20 point stop for GU (130 ATR) and only a 10 pip stop for EG (70 ATR). EG is great for beginners because you just won't get stopped out much. Also it goes in the opposite direction as GU in
the London session - can drift of when New York kicks in. If you are struggling with your trading look at these two pairs on the 4 hour, 1 hour and 5 mins and you will be surprised at your results - demo it for a couple of weeks. Pound dollar and euro pound - focus on the 4 hour charts. This is only 20 to 40 pips a day from 2 to 3 opportunities - mainly before New York open. have a look at these two pairs and you might be pleasantly surprised.
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