Monday’s New York session proved to be quite volatile. One interesting trade that Kash took was a EURUSD short. EURUSD had moved up over 160 from its Asian low way beyond the average daily range. Kash noted that after a high and a retracement a new high failed to be made and took this as a signal that the move could be stalling so decided to short the pair. The trade was very effective with +6 and +14 on the second part of the trade being taken. This ia a particularly good example of how indicators such as Average Daily Range and the Tiger Time Lanes can be used in conjunction with each other to create a very powerful trading signals.
Live Forex Trading Room 2015 03 23 #EURUSD +6 and +14 pips