I HAVE READ POST #1 AND THE EXAMPLE LINKS BUT I STILL HAVE A QUESTION
dear all friends, I read many comments from this threads and still have question about time to trade.
As I understand, from https://www.forexfactory.com/thread/...58#post9007658 (Thanks for MichaelG)
Please anyone confirm step as below that I'm understand correctly or not.
Rules of SELL Trade
1) try to trade if today price is between "High Yesterday and Low Yesterday", If yes, go to 2)
2) trade when we found area of interest between "1H highest with High today", If yes, go to 3)
3) trade in lower TF such as 15min, 5 min that if it open price in "area of interest", wait price come back to lastest 1H highest, open sell trade, SL at high today,
Buy trade is opposite way with Sell.
I just try to trade with UJ sell and ACAD sell last friday and it 's SL because graph come back to create new High today.
Can anyone suggest me a question like below;
Q1 : Do we have to care about GMT time? such as I'm in GMT+7 Thailand (Use IC market GMT+3) how about effect of that?
Q2 : Do we have to care market session open? I want to trade only GBPUSD for the first currecies, Do i have to wait until London session open and start trading?
Thanks in adv
dear all friends, I read many comments from this threads and still have question about time to trade.
As I understand, from https://www.forexfactory.com/thread/...58#post9007658 (Thanks for MichaelG)
Please anyone confirm step as below that I'm understand correctly or not.
Rules of SELL Trade
1) try to trade if today price is between "High Yesterday and Low Yesterday", If yes, go to 2)
2) trade when we found area of interest between "1H highest with High today", If yes, go to 3)
3) trade in lower TF such as 15min, 5 min that if it open price in "area of interest", wait price come back to lastest 1H highest, open sell trade, SL at high today,
Buy trade is opposite way with Sell.
I just try to trade with UJ sell and ACAD sell last friday and it 's SL because graph come back to create new High today.
Can anyone suggest me a question like below;
Q1 : Do we have to care about GMT time? such as I'm in GMT+7 Thailand (Use IC market GMT+3) how about effect of that?
Q2 : Do we have to care market session open? I want to trade only GBPUSD for the first currecies, Do i have to wait until London session open and start trading?
Thanks in adv
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