Forex trading strategy #18 (20 pips with GBPUSD after midnight)

It is done with OCO (one cancels other) order.

Good luck!

Rich,
You posted this in May. Are you still trading it in its original form or have you developed it further. Thanks for sharing!

hi rich,could you kindly show me the chart on how this particular strategy is working & on what chart (1HR,15M,30m).tnx adebayo

Just want to ask when you say after midnight GMT, what exactly does it mean? I am from South East Asia, Does it mean that after 12Midnight New York time, somebody please elaborate!

Thanks a lot, its a great site really for traders, more power!

GMT is London Time, in New york you'll have GMT-5.

i think 50pips is too much let try 20 or 30pips together.thks

As its British summer time at the moment should you be looking at the 12.15 BST (GMT+1) candle or must it be 12.15 GMT (1.15am)

I use a simple rule:

I trade whatever the London trades. If London uses BST, this means all trades worldwide use BST, and so should be your broker (e.g. a platform adjusts to BST time as well).
This all mean you don't have to add/subtract any hours during either Winter or Summer time. You trade it as is, whatever platform shows you. If you need to use 12.15 London time, you use 12.15 as shown on your platform.

Thomas