Hi, all.
First of all, some of my personal thoughts.
Currency trading - is all about putting stacks against US dollar.
Let's try trade currency pairs using pivot points calculated from US session open.
I think it is fundamentally and technically approved. Just try set up your pivots according to US open.
All of the further market movements (asia, europe) is just a correction of the US session direction.
No indicators needed. Price action (trend definition) and pivots, according general pivot trading rules.
I use stop orders. Target at first resistance or support, or further (R2/S2). Stop loss - last swings.
Timeframe - 15 min. Entries - 5 min.
E/U, G/U, U/J. Tight spreads is essential.
In my opinion nice opportunities - Europe open (London). 1-2 hour after open. We can see a correction of the US market moves (fading out).
And US session first 1-2 hours - we can catch a good moves.
Even after London close, there are huge price moves.
So, I would appreciate anybody to join, discuss and share opinions.
All the best and good luck to everybody.
First of all, some of my personal thoughts.
Currency trading - is all about putting stacks against US dollar.
Let's try trade currency pairs using pivot points calculated from US session open.
I think it is fundamentally and technically approved. Just try set up your pivots according to US open.
All of the further market movements (asia, europe) is just a correction of the US session direction.
No indicators needed. Price action (trend definition) and pivots, according general pivot trading rules.
I use stop orders. Target at first resistance or support, or further (R2/S2). Stop loss - last swings.
Timeframe - 15 min. Entries - 5 min.
E/U, G/U, U/J. Tight spreads is essential.
In my opinion nice opportunities - Europe open (London). 1-2 hour after open. We can see a correction of the US market moves (fading out).
And US session first 1-2 hours - we can catch a good moves.
Even after London close, there are huge price moves.
So, I would appreciate anybody to join, discuss and share opinions.
All the best and good luck to everybody.