DislikedI have traded this properly for about 2/3 weeks now.
Backtested this system with 2 months worth of data.
Favorite pairs would be Cable (GBP/USD) EUR/USD & EUR/JPY.
I have identified these as key currencies and they coincide well with eachother.
My track record I am assuming you are talking in pips terms.
Using this system in 2/3 weeks I have made 600 pips give or take a few.
This system is hard to average as each trade is vastly different but I have produced:
Average loss is 11 pips.
Average win is 70+ pips
However the winners vary from...Ignored
When faced with a day like this, at the London open, which would be your entry candle? As you can see the price action doesn't touch the 50SMA (represented as the 150SMA on this 5M chart).
Thanks in advance
Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar