Open trade daily at exactly 23:00GMT
Try this. Buy AUD/USD every day when the 23:00GMT candle opens, but sell AUD/USD if you see a strong trend that warrants selling. Target 20 pips (minus 3 pips). S/L 20. There are always more profitable buying opportunities than selling opportunities during this period. But of course, that doesn't guarantee it will work indefinitely. Markets do change.
NOTE: My minimum profit when trading this way is only $100. My broker's 6 pip spread and $70 commission. Therefore the price must move 23 pips from my open position. That’s why I’m looking for new brokers with tight spreads and no commissions
I just use the 5 EMA (closing price) to see the trend.
NOTE: My minimum profit when trading this way is only $100. My broker's 6 pip spread and $70 commission. Therefore the price must move 23 pips from my open position. That’s why I’m looking for new brokers with tight spreads and no commissions
I just use the 5 EMA (closing price) to see the trend.
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