After today’s sessions (of the BCS (Bankers Close Strategy), two rounds), I realized I’m still getting into the trades a bit early, although I did better today as you’ll see and hear in the videos I’ve shared. This realization leads me to believe that there is simply something not quite right about the overall timing of this strategy. Because if you’ve seen any of the previous sessions and the after-bankers-close sessions that I sometimes trade, you are likely to see what I’m seeing, that I’m getting out too early, too!
So, I’m penalized twice sometimes. Once by my early entries, which sometimes are taken out by my stops. And, again when I close my trades soon after the London close, only to watch as price continues to move in my direction. The penalty there being pips I did not get because I thought I was done.
Tomorrow, I’m going to shift my time frame to the right by 10-15 minutes and see how that affects my bottom line. If it is an improvement, then I’ll be re-writing the BCS again for my post in the Forums.
Wish me luck. I’ll see you soon.