For those interested in banking pips around the European Opens, this was posted elsewhere ....
Originally Posted by Islander http://cdn.forexfactory.com/images/buttons/viewpost.gif
GM all.
The hourly trend - as defined by the 20 ema - is still up, although the move has now stalled 20 / 30 pips above last weeks high.
Just before FO price pulled back to the flat 5 min 30 ema before turning north again and giving a buy signal which managed to go 10 pips above the Asian Session high of 6434.....so an easy 30+ pips available.
The Lower High 16 mins later was a nice sell ~the 6434 level and I put my TP at the 30 ema......now I'm waiting for the Brits......
Right at LO price had got back up to the confluence of todays open, yesterdays high and the MR1 levels and as soon as the Brits started selling, I joined them, exiting in the spike down to the 6375 level.....http://cdn.forexfactory.com/images/icons/icon7.gif
Originally Posted by Islander http://cdn.forexfactory.com/images/buttons/viewpost.gif
GM all.
The hourly trend - as defined by the 20 ema - is still up, although the move has now stalled 20 / 30 pips above last weeks high.
Just before FO price pulled back to the flat 5 min 30 ema before turning north again and giving a buy signal which managed to go 10 pips above the Asian Session high of 6434.....so an easy 30+ pips available.
The Lower High 16 mins later was a nice sell ~the 6434 level and I put my TP at the 30 ema......now I'm waiting for the Brits......
Right at LO price had got back up to the confluence of todays open, yesterdays high and the MR1 levels and as soon as the Brits started selling, I joined them, exiting in the spike down to the 6375 level.....http://cdn.forexfactory.com/images/icons/icon7.gif
Trading Levels with WRBs