paupau wrote:Hi jsme,
How's your strategy for Mondays?
The reason I asked is when W1 is Green and D1 is Green, chances are it won't be within 20 pips of daily low.
I hardly find the opportunities for Rat Trading on mondays because of this.
When it is within 20 pips of daily low, both D1 & W1 are normally Red, and I always see people said not to swim against the current.
paupau and Fingobob, a picute is worth a thousand words.
For myself. I trade with the Weekly open and with the Hourly open.
In the above picure I think you can see several trade set ups occur (if not I can draw them in for you no worries)
What I like to do is take small gians from the market. I am just a scalper that is all I am.
By scanning several currency pairs, I am able to find one or two that will have the trade set ups I am looking for.
Later in the day this currency pair AUD/USD was not giveing me any green rat reversal trades. Which is fine. I would be looking at several others to see what I can get.