Its not a prediction, its system trading using a determinate hour of the market, its start on sunday at 17:05.
please use your virtual money.
a prediction for example is AUD/USD its go to the next resistence at 0.9023 and then should broke the suport at 0.8992 to down to … that its a prediction.
you dont need chart, you dont need candles, you dont need fibo, etc.
Only you need its make this operations only at this time, no matter news, inflation, etc. again make the operations and then we shall see.
Thanks for the comments, i apreciated.
ok, it’s not based on indies or news…then what IS it based on?
"depends with the trend on Sunday at 17:05 PM GMT in New York. "
What does that even mean …just trade in the direction of the trend at that minute…what time frame? How do you determine the trend? Do we trade in the same or opposite direction? Why does it work? How long have you been trading this? Maybe it’s just a phase?
thanks for sending me the emails. If you don’t mind I’ll post my understanding so far.
The correct time is 10:35 New York time, which is 12:35 in Argentina. That would be 15:35 GMT.
you have a 25pip stop loss and a 40pip take profit.
Despite the others questioning about the rational behind this… I do see some reasoning for trading at a specific time. Price seems to do certain things at certain times of day. But is it reliable enough to be tradeable. I have been playing around with something similar.
I would like to know what you mean by taking into account what happens on Sunday in New York at 17:05.
Is the time 10:35 GMT or EST? The reason I’m asking is, somewhere around 10:30 GMT the London gold fix takes place. After the fix is set futures - option traders, and other $$-big players-$$ might try to push back against the gold fix moving the price in there favor. Could be why it’s an AUS/USD play.
yes, becouse i dont read and write very well english and i broke the forum rules using my e-mail adress, sorry for that mistakes. I do my best to write in the correct form.