Some Notes

Here are some notes I jotted down at a recent currency trading thing:

• Charting the Average True Range (ATR) on the hourly chart will let you see the time of day that the market is moving more. Trade at those times.


• Forex Factory has a calendar that shows red for major announcements, and orange for not-so major announcements. Probably don't want to be trading around the red, but the orange ones are likely to move the market just enough for good trading, but not enough for huge spikes.


• 3 non-profit trades in a row - don't enter any new trades until the price has cleared the recent congestion.


• 3 profitable trades in the same direction in a row, with all of them opened after closing the previous - don't enter any new trades until the price changes direction.

That's it :-)