Dislikedthanks for the reply and thanks for clearing that up.
so if I understand that correctly Tony basically enters in the direction of the first 5 sec candle during each of the london and new york sessions?
Now say for example you enter in the direction of the first 5 sec bar on the london session and your SL gets taken out, when will you enter again if you are going to? will it be back at the opening price level or something else?
thanks againIgnored
The way I play it is to draw a horizontal line on the chart for the open of each of the main trading periods that is a line for Frankfurt 07.00BST, London 08.00BST & New York 13.00BST
Take for example the next opening of the day due in approx 10minutes (New York) draw the opening price line then add a pip buffer to both the buy side & the sell side of this line.
Only you can decide the buffer, as this dictates your stop loss as well as your re-entry in the opposite direction.
Regards,
BabeFX