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EUR/USD Trading Strategy for 50 Pips

 
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wilhsware

EUR/USD Trading Strategy for 50 Pips

Trading Strategy found on Youtube thought I give it a try
Place BUY or Sell trade at 7am GMT [or 12am PST] on UK session
R/S = Resistance/Support Use h1 chart
NO indicators, TS= "ON"

Fri, 09/13/2019 - 11:38pm
 
bishoplusk

I use a similar strategy that has worked very well for me. I get up to go to work at 4:00 am Central time.I check the close of the candle on a one hour chart and look left. If the two previous candles are higher than the close of the 4 o'clock candle i will sell. if the two previous candles are lower I will buy. I set my SL for 20 pips and my target for 20 pips. I then watch the next candles to see if I can move my target for greater profits. Sometimes I hit the target and then if the market reverses at the NY open I am able to pick up more Pips. It seems that the EURUSD reaches its high or low for the London session between one and three o'clock. I will not trade against a strong support/resistance level.

 
rastiger1

This looks good. I'll try it. Bishoplusk I like your version too. We'll see what happens.

 
darold.elmore

quick question are you buying on support and selling on resistance?

 
wilhsware

Thanks, a lot for your comments!
I am still learning

 
wilhsware

Yes, I am either selling/buying on resistance and support.
But, basically trying to catch the "breakout" wave.
Thanks

 
daviesm432

Thanks I will give it a try

 
ackaian

Support/Resistance gives me the break time to reflect on what I am doing and where I am going.