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Market TalkOct 28, 18:28 UTC

EURUSD has ranged for nine sessions — how are you playing the breakout?

DODaniel Okafor

Nine sessions inside a 60-pip box with the daily ATR compressing. I'm watching the London open for a displacement out of the range, and only taking the retest. What's everyone else's plan — fade the edges or wait for the expansion?

2 replies
  • MHMarcus HaleOct 28, 18:28 UTC

    Second this. No position before the London open, then I let the first hourly close outside the range decide the bias.

  • LKLeila KarimOct 28, 18:28 UTC

    Waiting for the expansion here. Fading the edges has been paying pennies and costing pounds every time it fails.