The Wall Street Forex Strategy consists of buying EUR / USD, GBP / USD, NZD / USD and AUD / USD if the quotes are positive 30 minutes before the stock market opens, or to sell sell the EUR / USD, GBP / USD, NZD / USD and AUD / USD if that indexes are negative 30 minutes before the opening of the stock market.
You should try to keep a steady profit income by cashing in at +30 pips, and then set a -30 pip stop-loss. This strategy can be applied any day at the same time, except weekends. The best time to be wary is about 30 minutes before the stock market opens, which happens at 9:30am EST.
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It is not recommended to apply the Wall Street Forex strategy if the trader can’t make sound decisions in short frames of time. This is a strategy based on following a trend, so it falls within the category of fundamental analysis; it is a purely speculative tool, and as such, it is likely to lead the trader wherever the majority is placing their investment. Although it is profitable, the strategy can backfire whenever the trader is unable to spot the indicators that may help predict if the Dow Jones and Nasdaq 100 are going to either be positive or negative.
There are plenty of investing robots that rely on Wall Street’s initial situation. Many of these robots along speculative traders are the ones who lead the market into financial bubbles; suddenly, the bubble collapses and a reliable pair or asset happens to drastically drop its price from one moment to another. Wise traders know how to identify which type of trend they should follow, or even better, when to