Morning everyone here is a beautiful example of a 50 pip trade on GBPAUD during the London session.
The pound has been dropping over the course of the week, so when it comes to Wednesday ( mid-week ) we can look for the midweek reversal inline with the market maker cycle.
combined with round and quarter levels you can see the zones in which the market is trading.
In Asia, we see a big shift into the upper zone. Trapping short traders.
London dropped to pick up spending and stops before giving us a classic W formation.
For entry, wait for the neck to be broken and set your stop loss for -20 pips ( Unless its GJ then the stop is 25 pips )
Why GBP pairs? well, they have the largest ADR, meaning its most likely we can catch the 50 pips a day.
Very simple and very effective strategy, trade inline with the whales and market makers, avoid the traps and watch your trading improve exponentially.
Feel free to leave a comment.
Davie.
The pound has been dropping over the course of the week, so when it comes to Wednesday ( mid-week ) we can look for the midweek reversal inline with the market maker cycle.
combined with round and quarter levels you can see the zones in which the market is trading.
In Asia, we see a big shift into the upper zone. Trapping short traders.
London dropped to pick up spending and stops before giving us a classic W formation.
For entry, wait for the neck to be broken and set your stop loss for -20 pips ( Unless its GJ then the stop is 25 pips )
Why GBP pairs? well, they have the largest ADR, meaning its most likely we can catch the 50 pips a day.
Very simple and very effective strategy, trade inline with the whales and market makers, avoid the traps and watch your trading improve exponentially.
Feel free to leave a comment.
Davie.