Lessons Learned Forex Trading Just Before UK Session Starts
Yesh…
I had a trade placed going Short on the EUR/USD at around 8.40am GMT. Everything looked good:
1) No bad news
2) MACD and other indicators all pointed Short
Then Wack! Look at the Buyer bar straight after the sellar bar!
Lucky Knowledge to Action teaches you risk management with Forex trading on the Ultimate Forex course as I had a stop loss in place to reduce my loss but what it showed me was do not try and trade just before the UK session comes online on a Monday! I had a feeling I was playing with fire and now I got burned.
