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Despite the smaller timeframe, my strategy don't call for too many trades, 2-5 trades a week.....Only 1-2 good trades come along a week really and when it finally does move, I'll be sure to compound the mo-fo to make up for the lack of overtrading  |
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Smart thinking Batman.
When you sit back & really look at it, you got yourself the Pound/Yen with an average daily range of 280-300 pips.
The Eur/Yen tracks back & forth between 150-200 most days
& bringing up the rear of the three which you quite often refer to; the Cable, that one prints in the 150-180 range of late. That’s a lot of ball park to pitch your strike.
As you’re well aware, these instruments behave pretty good on & around their respective support & resistance levels. You got decent supply-demand markers & the plethora of tech & fundamental info available to the retail sector nowadays is on the up.
Get yourself a well drilled set-up or two & a couple reliable triggers & you’re good to go.
Do what the savvy players do.
Wait patiently for the Grade A opportunities...get in on a decent risk strike, let her find her feet & compound the crap out of it.
Makes sense? to add positions to a momentum move when the aggressive specs & real movers & shakers are onboard (such as now).