DislikedHi SP,
Found your your rambling very interesting. Infact I had been trading london open but was not very consistent, but your ramblings have put me on the right path. Besides that I also got the hi/lo fadding thing as a bonus thanks to you.
Just to be sure that I have understood it correctly, I am putting my charts with my comments. Can you kindly go through them whenever you have time and put your comments.
I don't use gmt+5 as my open but use london open as my daily open as it fits my schedule and personally I think that most of the trading...Ignored
If you are set on using the London open to start your day you will find that the pound pairs will be more reliable for you. The Euro will work off that time but not as well.
EDIT: I just want to add that you have the previous day high marked at the Friday high. I don't do this. I use the weekend high if it is higher than Friday, as with this weekend. I view the weekend as an extension of Friday and start my new week after Midnight Eastern (05:00 GMT when on DST)
In looking at your charts it seems that you have the concepts down correctly and are looking at the right things.