05:20GMT EURUSD rocks & now about to roll ;D
01:00GMT Good Morning Friends, GBPUSD looks like going UP again - making new High. JPYs looks neutral - both ways (jump UP & DOWN). EURUSD will try 1.30ish and then drop. Will update soon with data release.
Mohi - got your email reply. I thought its better to post the response here as it will be useful for others. If you're following the hedging route then the technique is differs. You can use 1min channel with 44MA but I'll only recommend hedge on resistance & support level trading not channel ones. Let's say there are techie reasons for same. the best to do is to find a script that identifies 15min chart Res/Sup and SELL/BUY-LIMIT trade hedge on those levels. I know it works but you must be smart enough to close the -ve trade at correct margings. One of my friend does the hedging but most of his -ve trades are with lower lots and +ve ones are with bigger lots. His weekends start with sleeping pills & alcohol cocktail - I prefer a cleaner trade & life i.e no hedging in one pair. Once in a while I do hedge when players go bizzare levels but thats pairs hedging GBPUSD LONG & GBPJPY SHORT.
ReplyDelete