Avoid over trading. Will observe how these zones marked plays out in the days ahead. Money Management helps survive bad phases. Sticking to rules helps avoid emotional trading and maintain right psychology.
We are looking to place CALL or PUT options in the confluence area of Buy/Sell Zones in confluence with on hourly candles with 30 minutes / 60 minutes expiries.
Will post results of the trades taken based on the areas marked.
In my 5 years of experience trading GBPUSD , I find GBPUSD to be the most volatile during hourly closing and winning % is lower?
PUT Option at 1.46593 or higher expired OTM
CALL Option at 1.45777 or lower expired ITM
CALL Option at 1.45415 or lower cam too close to entry on the hour. WIll take it as OTM.
It was a huge drop on GBPUSD
2 ITM Vs. 2 OTM