Trading M5 from London Open to New York Close.
I like to set my stop loss at break even and see where it goes. Over night, most pairs had one big pull back which would have taken out your stop for zero profits.
Only GBPUSD & GBPJPY would have been good till 5am.
That's why on most occasions, I find it better to take the profits when break down of current trend occurs often around 11pm to 12pm.
EURGBP is a good example where your stop loss would have been taken. A great Sell followed by a great Buy. That Buy Trend was perfect if I was up to take it.
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Trading M5 from London Open to New York Close. I like to set my...
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