I started out with a $5,000 account and was left with $5,940.
It was a total of 9 trading days, averaging 10 pips a day using 1 standard lot.
Hours that have nice sets ups in this order are:
1. 3pm (when London opens)
2. 10pm (two hours after NY opens)
10am is just ok. Will be testing that hour again as I just made +16pips but it is only good for scalping.
I think the best method which I am comfortable for now is scalping. If I see 30-40 pips and it hits the support/resistance I should just take and run. Happened a few times and that would be the perfect strategy for a 30pip daily.
Wednesday, October 01, 2008
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