I read in another post that the offset from the opening hours price is +/- 0.003/0.004 (+/- 0.03/0.04 for USD/JPY). How was this offset determined? Is it statistical?
The long zone is the London Open Price + .0003 and +.0004. The short zone is the London Open Price - .0003 and -.0004. For the USDJPY use .03/.04 instead. Go long on green candle in the long zone and short on red candle in short zone. I use 5 min and/or 60 min candles. That's pretty much it. If you...
@mwrfsu trade the usdjpy for 4 pips net per day and stop for the night. if you do this to the 21 trading days in a mo. you will be a million dollar a year trader. airball airball, Thank you for the information. Small gains do add up. Is this a trading strategy that you use? How many lots do you tra...
Is the candle overlay the direction for the past hour? I see there are 12 five minute bars inside the overlay. just want to make sure I am looking at the chart correctly.
My only time to trade is between 5pm and 11pm EST. If my trading plan is to get 10 pips per trade which pair would provide the best opportunity? Forex has always interested me but I started trading without actually knowing how it worked and I am sure you can guess how that went. I am glad I found th...