Thursday: No Trade
Today was the first time where there was not one 'tradable' signal from the 10 currency pairs being watched. We were right in the money with our market sentiment indicators, but the signal software simply couldn't deliver the right signal entry in our favour. We had a challenging market condition where we experienced extreme price extension from yesterday's market. I believed many could be caught off guard by the magnitude of today's USD-bear rally.
Notice:
We normally trade and monitor only London and New York pre-opening hours which happen to be the most active trading hours for the forex market. Yesterday, I decided to add one extra trading session in active New York hours to focus on the yen-crosses trades (see our new trading hours here). I hope we can make further good use of our Day Trading Approach which so far works well on the major pairs.
No comments:
Post a Comment