Hi Janpec, I may start waking up before work to give this strategy a go. If I traded from 6 A.M. - 8 A.M. C.T. (basically the two hours leading up to U.S. open ) and was trading the 28 main currency pairs as well as a 10 indices + gold + silver do you think it would be worth while? Would be hoping to get at least 3-4 trades per day.
Ignored
Hey Rafael, is 2 hours worth it to make serious profits? Yes for sure, BUT only if you add equities to the list. In fact i would say focus on equities if you want to trade 2 hours a day, 2 hours of NY open are actually the best time to trade anyways (specifically best combo is skip first 30 min, then trade for 2 hours and then come in last 30 minutes before the close). So i would say have both equity broker and FX broker to squeeze best out of time.
Another great continuation setup on Bitcoin. Counted over 16 continuation long setups on cryptos today in night / asia serious money left on table. When cryptos are on the go its like a printing machine of continuation setups.
CHEK sold at break even. That was hectic all the way into the market close, shorts did not panic. Tomorrow? Yeh, betting on gap up or squeeze up is the way to go. Large buyer hasnt given up, but shorts will be forced to cover at least some. If there is no gap then CHEK is direct buy on market open. {image}
Ignored
CHEK was afraid that was going to happen .... its already short squeezing on pre market trading, so play is done and baked no further entry on market open.
Was thinking to hold position trough the night yesterday but becouse the volatility was quite strong it was too risky to do that in case if that large buyer was give up it could be shaky situation.
EURGBP bought call on continuation long play along heavy momentum. In London session one has to make sure he is executing only quality plays with good edge since RR ratio will be set against trader until the NY liquidity comes in.
(binned per thread starter's request) Market bottom rotation trad
