Session Times, DST OFF

Doc's Trading Strategy

• Track the market with Live Market Quote Page: http://www.i-knowindices.com/saxo_bank.htm
• Follow the 6 Majors (EU,GU,AU,UJ, UChf, UCad). Take trades in EUR/USD and GBP/USD.
• Initial High/Low is set for the day by 2:30-3:30 GMT.
• Watch 30 mins after session open.
• Wait until High or Low is cut.  Take your position. Keep a hedge 30 pips away from position.
• If making 20 pip profit, keep stop at entry. Take profit at 30-45-75 pips. Or trail 30 pips.
• If hedge is hit, wait for 10-30 minutes. If hedge is making profit keep stop at entry. If hedge is making loss, cut hedge and continue with your original position and try to make up loss.
• If new high/low is set at any session and is not cut for 30 min - 2 hrs, take a position in against it. And continue trading strategy.

Net Change Limit:

• Daily range for EURO 150 pips, weekly net change is 350 pips, and monthly net change is 600 pips.
• Daily net change for GBP is 250 pips, weekly net change is 600 pips, and monthly net change is 1200 pips.

Hat Trick Rule:

• Players will not make the save move for 3 consecutive sessions i.e. They will not cut high in Japanese,  London, and US consecutively.

My Personal Strategy:

• If the high or low is cut, it will usually give you at least 20 pips before either reversing or continuing in direction. Keeping stop at entry and keeping hedge minimizes risk.
• If net daily limit is hit before US session, then you can take a position in the opposite direction. If price goes past net limit, it can extend up to 50 pips above limit before reversing.