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Forex Bond
The strategy of Big Ben is an easy forex strategy, the benefits of a common price patterns of activity with the opening of European markets occur every day. With the intraday forex strategy allows the trader to know when the first move of great directions London session occurs, and then use it!
This strategy has been designed specifically for the GBP / USD (another reason why it is called the "Big Ben" strategy). TimeTo get started under the observation of the performance of this pair starts with the opening of Frankfurt (currently 01.00 EAST clock, but check your time zone clocks in the first place, because sometimes 2:00 depending on whether the clock is time d ' summer or winter). Begin monitoring the price at this time and note that the London market opened 1 hour later.
FOREX
The volume of trade is generally very thin before London opened, so if the UK comes on board at this time, there is a noticeable increase inCommerce. Looking at the model of Big Ben can take advantage of this time, some measures.
The rules for this strategy are written down. The rules are only going to trade on the GBP / USD, simply reverse the rules written down for businesses. Installation is simple:
1 Look for the pair to a new low, which is at least 25 pips from the opening Frankfurt to do.
2 Then the couple has to do to reverse the trade and 25 pips or more above the eye open.
3 Pay attention to thePair back to trade above the intraday low below 1 point.
4 Sell a break of at least 7 points below the bottom. Place the first stage of not more than 40 pips above the entry price.
5 While the couple moves down the path to stop.
This is a very effective strategy / price based on the trading model. Use it to help extract more from the core market at that particular moment during the trading day!
The Big Ben Strategy Forex - An Easy-Forex strategy for market opening in LondonTags : Forex trade99. Free forex ebooks site Traderlive-fx & Stock
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