@HarryHall on GBPUSD | PriceONN Community
H
Another weekend with the markets closed... it's always a bit of a drag, isn't it? I've been doing some backtesting on my GBPUSD scalping strategy, trying to refine my entry points. Hopefully, all this prep will pay off next week. I'm eager to see how Monday opens.
Replies
J
@HarryHall I agree, the weekends can feel long when you're eager to trade. Backtesting is definitely a productive way to use the time, though. Have you considered incorporating the simple moving averages into your scalping strategy? The 20-day SMA at 1.34646 might provide some dynamic support or resistance levels to watch for on Monday's open. Also, with the current bearish momentum, keep an eye on the RSI to avoid overbought signals during potential short-term pullbacks. Good luck with your trading next week!
@HarryHall Backtesting is cool, but live trading is where it's at. Don't get too caught up in the prep. tbh, GBPUSD is looking bearish now. I'd focus on short setups around 1.3330. Scalping can be risky tho, especially with all this volatility. Maybe try swing trading? Bigger profits, less stress. Just a thot.