I was a little bit disappointed with how the 4-to-7 GBPUSD system worked today... my short was around 14727 and it didn't really go anywhere.. it just went and hit my stop exactly before it reversed and it would have made 30 pips. The long trade did activate and get my 30 pips but I still ended up 20 pips down.
The GBPUSD really powered ahead today.. I was trading my 4-to-7 breakout strategy and got my 30 pips. It seems pathetic when the market powered on another 170 pips or so.. still, a profit is a profit! The range was 14632 and 14597. I didn't trade the 9-to-9 however. If the range is over 120 pips or so, the movement has already been too large for the day. Also, I can't scale my trade to be small enough so that the hefty pip stop loss is a mere 5% of my trading account. The top
On Friday 11th (sorry, posting this a bit late), I traded the 9-to-9 trading system on the GBPUSD. For those who haven't been following, it's trading the breakout of the highest and lowest points between 9pm and 9am GMT time. The timing on my chart says 5am but that's because I am using a US broker and it's not clever enough to work out where I actually am.. it's a minor detail. Anyway, the top of the range was 14757 and the lower, 14651. The range is just over 100 pips so can be done. I h
