Mised out on this one. Been Wandering thru the charts of recent and I realized that for l1 straightaway e.g eu, you won't typically see it hit Asian high again, usually it will go down since the mm has already set the direction, the herd usually just follows, previous peak high bla bla bla points to a short setup.pips400 wrote:I'm also thinking about a quick long if I see a good setup, before they take price above asian high.banteka wrote: I agree with you both. Stop Hunt to the south at this moment. Reversal in about 2 hours to the north in the LONDON session. Reversal to the south in NY session.
Maybe before going SHORT, I enter LONG during the LONDON session. Then, around the NY opening, close LONG and open SHORT.
The same in GBP/USD
In another 8 hours or so I will probably be on the look out for reversal or exhaustion patterns forming, but it needs to be below yesterday lows before that can happen
But first lets book some bluff profits to reward myself
Seems closed trades don't show the swap. This is the main reason why I ignore swap. If I catch the right direction, swap costs are insignificant to the amount of pips I earn. What's 85c to a 80$ trade
