You know what I do? I just back into the pivot point. For example M2/M4 day I take the M4 price and subtract 25 pips and place a buy order at that price and then place a sell order 20 pips above that. I sell before M4 (5 pips). I miss a lot of the up movement but it is less headaches. I am more than 85% successful and I just the pairs in my favor Gbp/usd, Eur/usd, Aus/usd. Usually 50 pips with tight stops. I don't have to stay up all night. Thanks for all the posts. Education is key
You know what I do? I just back into the pivot point. For example M2/M4 day I take the M4 price and subtract 25 pips and place a buy order at that price and then place a sell order 20 pips above that. I sell before M4 (5 pips). I miss a lot of the up movement but it is less headaches. I am more than 85% successful and I just the pairs in my favor Gbp/usd, Eur/usd, Aus/usd. Usually 50 pips with tight stops. I don't have to stay up all night. Thanks for all the posts. Education is key
raybonent 2 years ago