Trading Like a Sniper

also holding time should be about hours

 

I am glad I got it right,

 

I have been using holding time as an exit strategy instead of having to close the trade when it reaches a given price.
HT doesn't always need to be 2 hours, it can be less than that

 

The logic behind it is that no reversal can occur within the first two hours, if it reverses, within those two hours, I would still be able to close at some profit or very minimal loss.

 

I lost, 2/ 3 wins

 

i just have to close this trade after one hour

 

20, 40 80, 160, 320, 640,1280, these numbers mean a lot in my trading strategy.

 

GBPCAD. This is not a good opportunity, in my view. Price action does not paint a clear picture.
Its hard for me to determine accurately if I can attain a 10% gain by trading GBPCAD. So i will avoid both EURCAD and GBPCAD at the moment

 

Both EURCAD and GBPCAD already moving up, my decision not to trade these pairs was not a mistake

 

EURSGD, CHFSGD, EURUSD all look very promising but cant trade them. I made some changes to my strategy. I am now looking for unique opportunities that will give me minimal DD.