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If this question has been asked before so i am sorry but i could not find answer. (I could not read complete thread)
Your document mention you trade 8:00 to 18:00 CET.
Q. If indicators give signal before 8:00 or after 18:00 what do you do? do you take trade?
Thanks for your wonderful system and your help.
Hi!
Look, you never know, but FOREX is is full gear at 09:00CET. London boys log in then and they decide where we go. So, we need movement here and, therefore, the market must be running at full speed.
London fix is at 17:00CET.
And there is a break between 12:00cet - 14:00CET.
Any trade taken before 09:00CET must be small. Of course, a trade taken before 08:00CET should be smaller.
I've learned with a lot of pain what 09:00CET in FOREX means.
__________________ Nina
We must fight on the winning side, not on the side we may believe to be correct.
Another week has gone away. EURUSD keeps above 1,4000. Big boys -institutions, hedge funds and central banks - keep buying it at any dip. Sometimes they like to play with retail traders and let the pair make slightly new lows. Then, when retail traders get in short, they buy it heavily .
The same mantra:
For me, while above 1,4007 - 1,4000, EURUSD should go higher to 1,4298/300 - 1,4310 - 1,4341 - 1,4370 - 1,4385 - 1,4400/08.
One day, they will let it go further down though. So, take care.
__________________ Nina
We must fight on the winning side, not on the side we may believe to be correct.