GBPJPY (Do You See Some Profit Pips?)
This is a great set up for profit on some pips without a large stop-loss, especially day trading or scalping.
Remember 80% of the time, from 2 a.m. to 5 a.m. EST/USA price action makes a HIGH or LOW for the day.
If you catch this right away you can ride daily trends without many issues.
Risk Management is always #1 so you can trade Forex for a lifetime.
The daily range was around 100 pips, the question is: How many could you have gotten without much risk?
Remember 80% of the time, from 2 a.m. to 5 a.m. EST/USA price action makes a HIGH or LOW for the day.
If you catch this right away you can ride daily trends without many issues.
Risk Management is always #1 so you can trade Forex for a lifetime.
The daily range was around 100 pips, the question is: How many could you have gotten without much risk?