I made a strategic move by entering a trade precisely when the pre-NY session volume surged, recognizing the opportunity it presented for liquidity trading. As the New York Stock Exchange (NYSE) opened its doors, the market saw a significant influx of volume, confirming my decision to enter the trade. The price action promptly retested previous highs, affirming the strength of the trend.
Managing the trade adeptly, I secured a profit of 55 pips before promptly closing out my position. It's crucial to exercise discretion in choosing which trades to let run as "runners" – those with the potential to yield further profits. In this instance, due to the substantial volume and rapid price movements, I opted not to add additional positions to the trade.
By making well-informed decisions and leveraging market dynamics effectively, I successfully capitalized on the opportunity presented by the pre-NY session volume surge, securing a profitable outcome for my trade.
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