STOP HUNTING SESSION
Okay it's stop hunting time. I generally avoid trading from 2:00 pm est until 2:00 am est. The times in between are usually low volume setups to run the retail stops.
By the way, the gbpusd is currently pulling back to test the 4hr bull pivot point. 5772 is the 4hr pivot point. If I traded during these times I would be looking for a bullish pivot reversal on the 15 or 30 min chart up/off this level before considering a long entry on the 4hr reaction/test/pullback.
By the way, the gbpusd is currently pulling back to test the 4hr bull pivot point. 5772 is the 4hr pivot point. If I traded during these times I would be looking for a bullish pivot reversal on the 15 or 30 min chart up/off this level before considering a long entry on the 4hr reaction/test/pullback.
UNLESS THERE IS A MAJOR NEWS ANNOUNCEMENT DURING THE USUAL STOP HUNTING TIMES...
CHEERS, JERRY
JERRY@FOREXTRADINGMAJIC.COM
JERRYJSTEW@YAHOO.COM
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