Is the London Forex Rush theory a myth? Some citizen think that trading the volume and momentum growth after the London market opens is a myth, and that there is no trustworthy way to make money from it.
Having read many discussions about this trading strategy, I eventually came over this container called the London Forex Rush System. Apparently, some citizen have been saying that this recipe of trading works, so I decided to get to the bottom of it by purchasing it myself.
Forex Signals
1. Why the London Forex Rush theory Will Only Work From 3pm Est
One of the most prominent concepts you'll learn in the by hand is that timing your trades is most important. The author goes into detail which markets open at which time, and why the best time to trade is after the London market opens. Because the Tokyo market is about to close one hour after the London market opens, you can get a good feel of where the prices of some currency pairs are going to breakout.
2. The London Forex Rush theory Package
All this might sound confusing at first, but you don't no ifs ands or buts need to do all this analysis yourself at 3pm Est. The London Forex Rush theory container comes with the by hand + indicators that tell you either there are any trades. When opportunities present themselves, the indicator will say "Long Trade" or "Short Trade", and tell you what price to enter, and where to set your take profit and stop loss levels.
3. What I Like and Dislike about The System
I'll start off with what I dislike. Because the indicators are supposed to help you speculate your lot size for every trade, you no ifs ands or buts need to set this whole yourself in the indicator settings every time your balance changes. This has to be done over all the currency screens every time, and can get quite tedious.
*There might be a faster way to do this that I may not know of, hopefully someone can enlighten me*
With that said, I no ifs ands or buts like using this theory because it works. The price does breakout after volume and momentum is increased when the London market opens. And when it does, the price can swing pretty wildly, hitting take profit levels very quickly.
London Forex Rush theory delineate - Are These Intraday Forex Signals And Indicators A Scam?
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