Another one is the opening on Sunday - cable can open 50 or so up or down.
You mean playing the gap? "The gap must always be filled" etc?
That sort of thing. Means having a clear head Sunday night though which might not always be the case.
Been testing this break out on USD/CAD and seems to work well. Gonna give it a try next week. 20 stop/30 tp. Don't think its as reliable as cable !!
Hi - I don't trade Sunday breakouts so not sure. Meant USD/CAD during the week like cable.
Hi - I don't trade Sunday breakouts so not sure. Meant USD/CAD during the week like cable.
I also trade the Asian overnight range with USD/CAD too, works very nicely but I don't think you get a setup everday like with Cable. Some days it doesnt break until noon.
I forward testing it from tomorrow with reduced stakes. Be good to trade 3 or 4 morning breakouts. Don't think my head or pc could handle any more. 😕
Let us know how it goes Claudia. 🙂
By the way, just wondering. How do you cope with the Asian breakout when price breaks immediately after 6:59am? Do you quickly scramble an 'Order to Open' or just come in at market price?
out at 49 wooooooooooooo
Hi Charles
I watching USD/CAD and GBP/JPY - both interesting but big spreads.
I've been watching 9 pairs over the past few months, and for low risk, cable is by far the most consistent. Personally if I can take these 20 - 30 pips most days, it will be a case of increasing stakes, and not looking for more pips that will keep me smiling.