Breakout or reversal
Posted: Sun Mar 07, 2010 9:36 pm
Hi!
I've read the most important topics here and I have a problem.
I think that the best strategy for me are Sydney, Tokyo session.
I would like to left pending order at about 22-23 GMT and go sleep or at 6 am GMT and go to work.
set up depends on support/resistance.
and here it is the question what would be better - breakout during these sessions or reversals at support/resistance?
The best TFs for me are H1, H4.
Sometimes 2% capital SL (I assume about 40 pips) would be not enough at these TF.
I've read the most important topics here and I have a problem.
I think that the best strategy for me are Sydney, Tokyo session.
I would like to left pending order at about 22-23 GMT and go sleep or at 6 am GMT and go to work.
set up depends on support/resistance.
and here it is the question what would be better - breakout during these sessions or reversals at support/resistance?
The best TFs for me are H1, H4.
Sometimes 2% capital SL (I assume about 40 pips) would be not enough at these TF.