HERE IS HOW TO WIN ON A BAD NIGHT - PROFITS WERE BAD HOWEVER
A quiet night trading M1 but I had the lots of fun trading for 1 - 2.5 pips wins for three hours. All only on GBPUSD
OK sure a lot of effort for little reward but i achieved a 95% win rate and caught 90 pips. I would say my spread costs were around 30 pips so I am eating at Pizza Hut tomorrow.
My basic plan is follow the higher highs and higher lows, wait for some Tick Speed to double which means SOMETHING is pushing the price, and place Limit Buys or Sells to catch a the price at 0.3 pip distance just outside the 5 candle ADR range. Soon enough a wick reaches down and picks up the trade.
I would say on most ocassions I was in the red for around 0.5 seconds and green after that. I use a Trade manager that's acts quick.
Now if the the market was really trending tonight, the profits would of been very good.
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HERE IS HOW TO WIN ON A BAD NIGHT - PROFITS WERE BAD HOWEVERA...
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