DislikedUdine, Thank you for sharing this great strategy, simple and effective, if applied according to the rules and with a sense of PA. I’ve been trading forex on and off for the past 8 years, short and long term, simple systems and very advanced (not so simple) systems. Your strategy (your way of using it) is as simple as it gets (and as it should be). I have a question, that I hope you have time to answer. You explained that trades are not taken if price crosses multiple 00 levels during the same hour. This morning on E/J price lurked below the 138.300...Ignored
Hi Archie,
the 300 level would be the only possible entry (was enough distance), but there was no trade as there was RED JPY NEWS Coming out, so no trading..
I want at least 1 pips distance to the 00 level, as I need the time to put in the pending order. Which was the case..
Udine
Sleep less, live fast, as it aint gonna last