The Big Ben Reversal…ring any bells?–London session (start and Finish)
Not so crazy to look at times for trades
Watch Asian session “Opens” for example to see a rise/fall in certain pairs.<–7pm e.s.t. and 8pm e.s.t.
Watch 7am e.s.t. gain or fall in other pairs and of course end of NY session final push 3:30pm to 4pm e.s.t.
Needs more explanation for AUD/USD though…Hope you will share:D
ok, supose that in determinate time of market some pairs up or down ok? whell what would ou do? go up or go down? do ou know what kind of trade you will do? if you look the market the pairs always up or down where ever was the trend, maybe one day the trend its up on the chart of 1 hour, but in the 5 or 15 is down.
This is where Indicators and candle patterns come into the overall evaluation…IMO
So,
one chart is a 4hour, to see trend (Up or Down) #2 chart is 10 min. watching candle stick pattern
For myself this past week, I’ve been banking USD/CAD short, even though USD is gaining strength. Again at certain times of the day.
I cannot narrow the exact time down to the minute…<—this may be a problem for others to understand when You posted an exact time.
I THINK, I understand where you are ‘going’ with this…as the times are a general idea
OK?
So, earlier when I wrote 7pm bump( up or dwn), I’m focusing on the next 20 minutes to see the action take place
Using your stop loss, your target number, and trading three days a week, if you hit the stop loss twice and had one winner, you’d only be down 10 pips on the week.
If you hit two out of three, you’d be up 55 pips.
The first week was a loser, the second a winner, and at the end you’ve gained 45 pips.
That’s just money management.
Of course some weeks you’ll hit all three, and some you’ll lose all three, which still leaves you up 45 pips.
To make it work better, you’d be better off only buying, or only selling.
The random buy/sell still has a 50/50 shot, but makes it a bit more inconsistent.
Yep, we shall see. I sill want to hear about how Sunday fits into your picture.
To clarify the time again. After some emails from Mr. 120. the time he mentioned is actually New York eastern time based on his broker’s server. which is GMT -5 hours.
Time zones always confuse me but I think the following is correct.
I don’t know who his broker is but he sent me a screen print showing his broker time and his local computer time. He is in Argentina.
Based on that it looks like his trade candle is 10:35 eastern, which is 12:35 his local Argentina time, and that would be 15:35 GMT
yes, my server is fxcm its my broker and is a microlot account, maybe one of ou have this broker and help with the time, but i sent to talon my server time in a picture.
ok the trade works, im never put stopp loss, so maybe ou can take a profit of 10 or 15 pips in profit, but i always im never put stopp loss and i always take the 40 pips, so think about what ou will do? talon d its juts saw that making the trade in the right time make 18 pips in a few minutes.