DislikedCheck out the Eur/JPY on Tokyo open, going back years- just straddle the 2300 gmt candle (7am Tokyo) use the opposite of the trigger candle as your stop & target 100 pips. Some days it gives 400 pips, but, hey when it breaks out at Tokyo open, it really flies, mostly 100pips + for the day- even if you close it at 1500 gmt- you'll capture most of the move.check it out, this is so simple, There are days you will have losers, so, money management is very important, so lets all brainstorm this one,
BazzaIgnored
I am newbie here. can you explain more about this method.
please explain what time to trade, buy stop, sell stop and TP .
Advance Thanks
fxworld2011