if im in toronto canada, what time would i have to watch the market to take advantage of these pips?
The London market opens at 3:00am Eastern time.
Its a similar concept to this strategy $* Statistical London Breakout Strategy *$
Look at Eur/Usd @ 08.15am G.M.T candle as a reference straddle trade each side.
Position halved into two lots one take profit @ +10 the other with a trailing stop.
3 Pip buffer above and below candle.
If you straddle trade this candle it statistically breaks out either way to catch some pips, dont matter which way.
Statistically you gonna catch some pips with half your position trailing stop and the other half a set take profit.
Position size accordingly so as to minimize risk.
