update
I have been testing intraday and swing trading and using the dynamic trade management strategy I have spoken of many times before for intraday trades, which is why i rarely see my initial targets hit (same applies to the example here). This was an intraday trade, in all likelihood with the time of year this cross will likely range and when it tried to break that congested area it was met with profit-taking and no further interest for now. The account I have been testing with this is now 800% which is impressive and unexpected. The general workflow for trading consists of taking note of major news on the day, looking at the indices and trade those that are diverging with no big news themes playing out like brexit.
I have also run into some issues, well not really issues I was kind of expecting this. Certain economies like Japan does not have a sufficient correlation between economic and flow data and the underlying ccy. This is due to the carry trade opportunities historically and also Yen's role with risk-off events. So I will definitely be excluding Yen and I need to investigate Swissy for similar. There are already many opportunities with the few I have been testing so with a few more indices I will be able to begin adding this to the strategy I already trade.
regarding this trade, all those touches to that resistance line are viable trades
I have been testing intraday and swing trading and using the dynamic trade management strategy I have spoken of many times before for intraday trades, which is why i rarely see my initial targets hit (same applies to the example here). This was an intraday trade, in all likelihood with the time of year this cross will likely range and when it tried to break that congested area it was met with profit-taking and no further interest for now. The account I have been testing with this is now 800% which is impressive and unexpected. The general workflow for trading consists of taking note of major news on the day, looking at the indices and trade those that are diverging with no big news themes playing out like brexit.
I have also run into some issues, well not really issues I was kind of expecting this. Certain economies like Japan does not have a sufficient correlation between economic and flow data and the underlying ccy. This is due to the carry trade opportunities historically and also Yen's role with risk-off events. So I will definitely be excluding Yen and I need to investigate Swissy for similar. There are already many opportunities with the few I have been testing so with a few more indices I will be able to begin adding this to the strategy I already trade.
regarding this trade, all those touches to that resistance line are viable trades