Hi
Managed to sell GBP before leaving for work and closed it when I reached work - 25 points.
In super intra day 34 points and closed the deal.
I realised that there must be something fishy in NFP or TB report from USA, as the TP was close to the buy zone and also as the TP was hit way before US reports. Hence, was tempted to short GBP at 1.30 GMT but chickened out. If I had shorted it, I would have been happier by another 30-40 points.
Rest of the evening was spent watching the charts with no benefit from forex. Hence, I switched to DJIA and scalped 21 points and called it a day.
I am extremely grateful to HFT for his insight into trading IDT forecasts.

hft,how would u place your trade today? pls share with us your strategy ,thanks

simple, watch the RSI 14 at the 5M chart, if its below 30 inter buy .

BC

thanks for your information blackcode,but when do u exit then? do i stick to the time or ??

1 - at the TP price .
or
2 - time end.

thanks for your advise,i am using mt4 charting system,so i am not sure if my system is the same as u guys? by the way all time quoted r EST?

Yes, I will be use RSI with IDT's time. Besides I will be use scalp today if the price be in our trade zone.

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hft,do u always use the RSI 14 at 5mins time frame for entry? what abt exit?
whats your strategy for today?

hi HFT,

did you have any trading today ?

Yes, I always use RSI, but sometimes when the forecasts with +++ - I don't use.
my exit - time or take profit

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All service: Management Service "IDT accept BANK, WesternUnion, WebMoney Transfers