DislikedMy last 4 trades got spiked out before they went. Sigh. Oh, well, on the learning curve that counts as progress: picking good trades; now start setting better stop losses.
Some local folks I know put the zig zag indicator on the chart (5,5,3) & use the points as potential targets.
May I respectfully suggest, be careful with trying to force yourself to trade London. I did that & made myself sick. Need to live on day shift.
I put a little position your JPY trade; we'll see what happens. Good luck to us. Are we even supposed to be trying...Ignored
US session may be more range bound than london and somewhat shorter moves overall but you can still trade it.
Look at every 4H candle from the start of the US, it often has a nice move or range to play in.
Just draw a channel from last 4 points made on the 4H (2 lows 2highs). Only sell from the top and buy from the bottom, you'll do alright in conjunction with the simple method. (Just watch out for the news)
It is very difficult for me to trade NY so I either get up early or just let my ea's trade. Maybe I can get up for Wednesday and Thursday London and try that. Those are great days.
) but I place SL on high/low of previous couple of bars (H1). Usually this seems to be enough, why make it any bigger? If the price goes the other way above/below last couple of bars then TDI will probably flatten or hook on next bar opening signalling to exit anyway... if the high/low is pretty close (say 20pips) that's better for you, you may expect higher R:R ratio, if high/low is too far away (above 50pips) you may consider skip this trade if you think R:R here doesn't worth a risk.
Cash up and buy beer people
