Hey LG, since it's the dead Asian session, I wanna ask a question. I have been having considerable losses with the 4C 1H BO trades lately, so bad that I stopped them altogether... Since December 1st, I had maybe 1 out of 10 wins (these were on my live acct..) Looks like what I make during the day, I lose at night... On my demo they worked great. Please tell me it's just because it's december or some weird market shakiness, because I'm ready to give up on them. Still loving the 3taps and 4h consolidation BO's (my favorites), but the Asian/London...
Scrutch and I were talking about how the first of the trading week seems to have gotten stronger, with a fizzle out toward the end of the week. Up until this month, by Thursday, trends were ATMs of pips. Everything goes in cycles, the pip ATMs will come back..although maybe not this month.
Remember too that determining one trade set up over another is part of being a good trader. So, if H1 4C BOs are not working for you now, and I agree with you they are very hard right now, don't use them for awhile or only use them on demo. Consolidation BOs are about my favorite set up too. But have you noticed that they are staying in consolidation longer lately..just this market.
Don't get discouraged. This is just part of trading.
So I am calling it quits for the rest of the week. (unless something exceptional develops)
