FOREX TRADERS

[Mister Lava]

My favorite time to trade is between 2:00 am central and when the U.S. economic reports come out in the morning (8:30 and 10:00 am eastern). That's when I make most of my money. But a night like tonight, for example, I've taken 3 long scalps on the GBP and made some money. There's always money to be made in the market whenever it's open...

Grade of trendlines? Not at all. Don't even look at it. When there's a very fast spike in the EUR/USD that comes out of nowhere, that is usually a stop hunt. I can spot those a mile away. When the EUR/USD hit in the 1.3400 range, I knew it had hit the top because of patterns I was seeing with the price fluctuations at that level and with the patterns forming on the candlestick charts. Yes, it was bouncing off the top at that point and I knew it was running out of gas.