DislikedThanks to Unknown4X and all contributors here for a very interesting thread.
I'm interested in opening a discussion into what kind of technicals and time frames people are finding most suitable for use with the kind of short and sharp flows we are getting in current markets.
At the moment I am using a fairly crude tool of entering on engulfing bars on the 15m time frame on the strongest/weakest pair from the Frankfurt open from 1 hour after London open. With properly managed exits it is profitable, but I'm sure it could be more so. I exit when the...Ignored
I usually trade AU, EU, GU these days. For each pair i monitor about 9 crosses and 3-4 synthetic instruments. I usually trade of M2-M3 with frequent visits to M5/M15/H1 and a brief morning visit to D1 etc. just to know where stuff might get funky. So bottom line... anything that gives are a somewhat precise evaluation in a fast / efficient way does it. You don't need to spot a level to the pip or whatever. Doesn't matter. If you trade fresh flows any level that is in short reach will get blown away anyway.
You can also do it on the daily but you need the patience or experience to trade unbalanced flows (mixed breakout / retrace flows at the same time) but it makes much more sense to trade out of the lowers with the highers in mind.