I knew this chart would throw a nice trend up or down. The best trends start near London open ( 30 min to 1 hour after open ) so I just wait for the rubbish moves to disappear before trading. Tonight I decide to take a few quick trades to try and beat the market before it moved. That was bad trading and I need to put my hand up and admit I need to keep my hands in my pocket for the first 30 minutes.
Once I got into the pulse of the market, I saw the move I was waiting for and took the smart trade and sold. I later saw another setup and added a second Sell trade. So I am now up 37 pips on this position and see no reason yet to close this position.
The best thing about M5 trading during London or New York session is its easy to recoup a early small loss with a big win.
