
01-27-2009, 05:26 PM
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Junior Member
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Join Date: May 2007
Location: Forex Hell
Posts: 21
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Quote:
Originally Posted by 4rexLady_de
Hi PistolDave,
regarding your question: No, sorry, I didnīt use any indis...I simply watched the market and it was still very active, no sign of calming down for the Asia-session. And also, since I am a member in the Fapturbo-Forum, I read their trading sentiment and they also recommended to avoid trading.
I consider myself still a newbie and therefore I have to use my common sense, my experience so far and other sources...the mixture helps me to make up my mind :-)
To get an idea: for example, look at the charts of the pairs which are used for scalping. Look specifically at the times between 20:00pm and 4:00 am ( Asia-session...whatever time that may be for you )....and see the range of the pair. If you see it being very volatile, even having a broader range than usual....better stay out.
Then next look what happens after 18:00 pm ( always using my time- which is german )...if the market calms down...ok...if it has been highly volatile over the day and still didnīt calm down...stay out...
That is, what I had been doing.
Tonight I give it a try...well, I donīt know yet about later. I just wanted to see, whether it makes sense to change the trading times.
For example, instead of starting at 20:00pm...start at 18:00 pm....instead of letting the EA run through the night...turn it off when I go to sleep...
Hope, That helps a bit :-)
Regards,
4rexlady
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Thank you. That seems like a good way to do it.
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