Avery, how do you filter out those signals (I count three) which occured before the "Runner".
I get caught on those too many times and even I never let it come down to -10 it still hurts!
lol :D
If you haven´t done so already do yourself a favour and read the whole thread. If you like what you read here you might find kreslik(dot)com interesting as well ;)
good luck!
Pull up todays USDCHF chart.
Look at the areas around 5 am / 6 am / 7 am and 8 am (London time)
Be careful with the area around 8 am since there was an announement 15 minutes later.
Price,
I am certainly no expert as well, but you really have to invest in screen time to get a feeling what happens when a market makes a new daily low and what is going on when a new hour starts.
Right now I am trying to sit on my hands and only trade by the rules. I clear 80-90% of the table...
Thank you for every suggestion. I just thought to look at more pairs because if many pairs are starting to rise there could be be no green rat opportunity for hours. To keep concentration I started to look at pairs who are about making new lows. Overall you are certainly right, watching many...
I really wonder what to do with such situations.
Staying on the sidelines and sitting on my hands is probably the smart decision, BUT what am I looking for to get my hands on the keyboard and bring myself back to the game?
Wow, market is so fast I have to decide posting further or trading.
The long was good for max. 6 pips.
As supposed they came back fast.
By the time I was in the trade and took 4 pips the max drawdown was -2 pips
Hmm, a fast 35 pip drop.
First green bar went 10 pips up.
If I take the trade I will go for a few pips only, because I think they will test the low again.