Followed the rules today – lost out though – GBPUSD trading

I followed the rules to a tee today.. however, I’d realised that I am supposed to set the range between the highest and lowest values between 4am and 7am UK time. I’d been waking up at 6.20 am every day and putting the range between 4am and 6.30am. It probably doesn’t make much different unless the market moves significantly..

The markets broke above my level.. however they plummetted and took me out for almost a 50 pip loss… not a good trading day (despite following the rules today).. oh well

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Category: Forex trading, Spreadbetting, Trading