Support and Resistance Trading Forum

9/21 -- European Session
By:Chartsky
Date: 9/21/2010, 6:32 am

Hi Everybody!

Since today will be a short Day Session (and the FOMC is meeting) I was up trading the European Session starting a little late, at 5:45 a.m.

We're using a new 5-tick scalping system I created and it did well:

Yen -- $62.50
Canadian Dollar -- $50.00
Australian Dollar -- $50.00
Australian Dollar -- $10.00 (close-out)
EuroFX -- $62.50 (x2 after 7:00 Report)

So we hit $297.50 -- the full Daily Profit Target -- and were done by 7:10 a.m.

You can make your profit targets during any of the sessions, so in case you have a job 8:00 a.m. to 5:00 p.m. (EST), you could still trade the European Session or the Far East Session.

Or, you could always follow Erich's excellent Swing Trades.

Chartsky

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