Live Trading Room – 7th Sep Update
Despite US holiday yesterday we saw good moves on GBP pairs during London session. We were able to catch part of that move on GBPUSD, banking in 60 pips.
Our strategy keeps us on the sidelines when market goes no where, helping us avoid choppy markets. Once market shows signs of increased momentum, identified solely by Price Action, we then start to look for “setups”. This way we increase our chances of successful trades. A typical indicator based system will generate signals at all times regardless of market conditions, causing you to enter trades even during sideways market.
Let’s look at charts from yesterday:
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