
Hi Folks,
In this current market enviroment with many Asian session moves that are often going without me from an intraday trade point of view it seem that the best way to get involved in any moves is from a swing trade view point. Certainly we can see many of the cross rates rally or dip several hundred pips in a short space of time for what seems like no apparent reason at all.
Also a lot of the patterns are developing very early UK morning between 2-4am or very later evening and then this game becomes a very mentally challenging 24hr job!!
So one way as we have discussed is the Lazy Boy entry method, which now has its own slot on the site. This is an old strategy that Ive revived.
Please keep in mind that this is a whippy strategy and you will see what I mean in a moment below and from reading the article.
Ask always I like to test things and I'm in no rush to do anything at all by making a rash decision. So what does it look like on the chart.
Currently I'm trading this on GBPUSD and EURJPY with compounding and EURUSD with a single entry only. What ive noticed is that GBPUSD is a lot whippier compared from when I last traded this strategy to now. I was looking for another pair to trade a single entry with as it is a pretty intensive strategy with compounding to use manually although a code for your software can be made to auto trade it.
Anyway, I started looking at GBPJPY live trading before rolling it out to everyone and what a good day to start, but looking at price this morning should have carried on with it as price produced another 700 pip drop.. ah well.
GBPJPY

GBPUSD

EURJPY
