I do not like taking H4 trades at the beginning of NY session candle. Big-E used to play hourly chart at the time of NY open. Unless PA really gives me a strong signal, I do not enter trades at 14:00 GMT (that's when my candle opens). When I do, i set really tight stop loss. Todays GU nor USD/CHF was not this case (didn't like PA).
Besides I had taken 2 trades today: NZD/USD at 6:00 GMT (ended at BE about 1 hr later after pullback) and AUD/USD at 10:00 GMT (ended -5 pips when 14:00 GMT opened flattening TDI).
Had a good day yesterday with GU (10:00 GMT) and EU (14:00 GMT) shorts.
Best luck!
M.
Besides I had taken 2 trades today: NZD/USD at 6:00 GMT (ended at BE about 1 hr later after pullback) and AUD/USD at 10:00 GMT (ended -5 pips when 14:00 GMT opened flattening TDI).
Had a good day yesterday with GU (10:00 GMT) and EU (14:00 GMT) shorts.
Best luck!
M.
Remember I'm a newbie!