“The opportunity to defeat the enemy will be provided by the enemy himself.” – Sun Tzu
I’ve been trading Forex for the last seven years and I know a thing or two about how the market works. (Please see About This Blog.)
Trade less frequently; trade only when there is a clear signal. The more frequently you trade, the higher the chances of losses. Never take any position without first determining where the stop loss should be.
Added at 06:00 UTC (London, Lisbon, Algiers, Rabat, Lagos), 17:00 (Auckland), 15:00 (Sydney), 14:00 (Tokyo, Seoul), 13:00 (Singapore, Kuala Lumpur, Hong Kong, Beijing, Manila, Perth), 12:00 (Bangkok, Jakarta), 10:30 (New Delhi), 09:00 (Dubai, Moscow), 08:00 (Athens, Bucharest, Helsinki, Tel Aviv, Ankara, Riyadh, Baghdad, Cairo, Kiev, Nairobi, Dar es Salaam), 07:00 (Frankfurt, Paris, Amsterdam, Zurich, Rome, Madrid, Stockholm, Tripoli, Cape Town), 02:00 (Buenos Aires, Rio de Janeiro), 01:00 (New York, Toronto), 00:00 (Dallas, Winnipeg, Mexico City, Lima), 22:00 (San Francisco, Vancouver), and 19:00 (Honolulu).
- Opening price: at about (+/-) 0.74300 (or anywhere above the stop loss.)
- Stop loss (SL): Below 0.74000 (Move it to just above the opening price once there is a sufficient gap.)
- Safe take profit limit (SPL): Open (for those who want to play safe.)
- Medium take profit limit (MPL): Open (for those who want to take a little more risk)
- Aggressive take profit limit (APL): Open (for those who are adventurous)
- Based on time frame: H4 price action
- Day’s trend: Uptrend
- How long until profit: 4 hours to several 4-hour periods.
- Last update: None
- Note: Move the stop loss to just above the opening price once there is a sufficient gap. Check this blog every 4 hours for accurate Forex signals and updates. (02:00, 06:00, 10:00, 14:00, 18:00 and 22:00 UTC)
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