Update on High Rollers

Here's an update on last week's observations regarding Zulutrade provider High Rollers.

As expected High Rollers was idle until Thursday. But this week, he came in earlier in the trading day at about 8:30 GMT or about 3:30 AM EST. He took only 2 trades, one at 8:30, and another at 8:35. He exited both positions at 8:38 and took 22 pips on the first trade and 28 pips on the second trade. I was setup for 2 lots per trade, but limted to 1 open trade per provier per currency, so I bagged 40 pips in an 8 minute period!


In terms of lessons learned, we clearly have the correct day of the week, and the correct half of the day (AM GMT), but we are still missing the entry signal. Taking a look at the chart, we are looking at a triple top pattern playing out over an 8-day period. The sobering part of the analysis is that the entire week's trading activity happened within the single bar under the blue arrow. How's that for selectivity?

The only downside is that good currency trading can be pretty boring most of the time. I am having a similar experience with HomerPoet, but i'll cover that more in another post.

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