DislikedFurther to xrunner's questions, I would also seek clarification of the rules of this approach with particular reference to deciding an UP day or a Down day.
Living in the UK also, I start looking at charts at 6.00BST (5.00GMT).....what I am not sure about is this.......is the 5.00GMT candle the OPEN candle? If so, is it an UP day if the open of this candle is higher than the close of the previous 23.00/24.00 GMT candle.
Greatly appreciated if someone can provide clarity here.Ignored
hope somebody can clear this up. I am in western US and also start looking at 5 gmt and use this as the first bar looking for a dib. So at 6 gmt is the first bar to trade off of if there is a break of the high or low. The indicators provided earlier are what i use.
Trade what you see, not what you think.