Could your elaborate on your experience with the volatility on each of the 17 currency pairs?
With regards to which make a second push etc?
Thanks heaps for the heads up.
Appreciate the help
NOTE: my comments are in reference to the PBT scalps and NOT the GTV trend reversals. For the most part, GTV reversals, if you follow the rules, are MONEY. I've only had 2 GTV losing trades in 10+ years.
First disclaimer: I don't trade all 17 pairs. Typically I trade EU, AU, UC, GJ and GA. If AJ, EJ or NJ gives a strong signal, I'll consider those, but I never trade EG, USDCHF, NU, CJ or EC. From my experience:
GBP pairs usually give a secondary push before they fade, so wait for another push before entering. You'll miss a few trades, but you'll avoid a bunch of losers.
EU is money. When it signals, you can bet the farm, and I usually do.
AU turns slowly. Not really a second push, it will go higher but can take 20-30 Mins to turn
UC same as EU, but rarely gives a signal
JPY pairs are tricky. If JPY is in a strong selloff, expect a 2nd push. Similar to the GBP pairs.
From other traders using our tools:
EG turns on a dime like EU, but doesn't always give 5 pips, so push to BE quickly
GU is a mess rn, just ignore signals
NU gives a lot of losers, probably ignore this one too, unless GTV turn is signaled.
EC is a good pair and turns quickly.
My 3 tips
1. Move your Stop to BE when you are +3 pips.
2. Don't get greedy. Take your 5 pips and get out. (unless you are near a major Fib level or other key price levels, sometimes I'll hold these a bit longer, but my Stop is still at BE after +3 pips)
3. If you miss the entry, NEVER chase. Just wait for the next one. I miss trades a lot. It happens. Just move on and wait for the next one.
