Day Trading - Only Strong Trend Days (Can also be used on HTF for investing) There are generally only 2-5 strong trend days a month. The majority of trading days are some form of trading range days, either within a range or a weak channel which reverses and forms a trading range. On strong trend days the market offers what most traders want - a high probability...
I thought forget dinner, I'll just have a LONG night out with my favourite new bitch GBPUSD ;) Pushing some simple Long trades until Euro market open. Also locked into a sick battle with the SPX500 but that's a story for another day ;)
So taking a look at the USDCAD right now after some banter on the chat :) My lines represent where I suggest you short or PUT the asset. For binary its all about 15-60 minute expiration. For FX its all about adding more points on for each new line crossed. See the predicted potential drop off zone, potentially a huge amount of unsupported price there. Plus check...
So many of us out there wish to truly capitalise on the huge jumps and troughs out there on all major pairs. My firm belief is that we are about to continue into unprecedented low field price and that the worst is still yet to come. Dont forget what happens everytime an ECB or FED talking head gets on the screen....Generally the market falls as all they ever...