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Is This A Trading Strategy?

Discussion in 'General Forex Talk' started by Glorybound, Nov 7, 2007.

  1. Glorybound

    Glorybound Recruit

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    I read in a Forex Manual that whatever be the price of
    a forex pair at 8.30am(EST), will, 80% of the time,
    continue for the trading session.

    In otherwords, if the price of a given currency pair
    is bullish, the trend will continue. and vice versa.

    I know we have gurus here. Please help me out!
     
  2. No Time

    No Time Private, 1st Class

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    I'm not a guru and maybe that's why I have never heard that before.

    You have to remember that the market is going to do what it wants to do at any time. Imo I wouldnt base any strategy on that.

    :confused:Did you get that manual from a broker!?!?:D
     
  3. 3BlackCrows

    3BlackCrows Corporal

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    Try 13:30 EST, but look at the trend that had developed throughout the day and trade in the direction of that.

    Go ahead and backtest....I think you will be surprised :)
     

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