Today's london session breakout. *edit*(by that I mean a breakout of the london session high, that occurred during the US session)
Hope you all were in it.
Hope you all were in it.
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DislikedDarkdays
hi. just to make it clear...
when you say "london sessian breakout"... what do you mean by that?
a breakout that happened during london session or breakout after london got closed?
also, if you can... tell me the time when that breakout happened. (in london hours,like it's for people that live in london)Ignored
DislikedOkay when I say London session breakout, I am referring to price breaking out of the London session's high or low while in the next session. So after London session closed. For me, I saw price was close to the breakout line, so I set up the trade at 9:57am, and it was entered at 9:58am (this is central standard time). The target was hit at 10:12 CST. I believe london is 6 hours ahead of me... So that would make the entry 3:57 and the exit 4:12 in London
Hope that is clear. Does that help?
Oh another thing. On my chart above, the gold box is...Ignored
Dislikedrebelheart,
do you use any additonal filter to lessen out the impact of false breakouts?Ignored
DislikedThis is one method that disregards Fibonacci, trend lines, chart patterns and all oscillators. Although you can change the Asian High Asian Low (I called it AHAL) system as you like by adding your own rules, the profitability of this system is not in doubt.
Let's not waste time and get into what are the new setups:
DETERMINING THE ASIAN SESSION HIGH AND LOW OF THE DAY
Using 2100 GMT as the start of a new daily candle, at 0600 GMT, you will be able to identify the High / Low of the Day for the Asian session by 0600 GMT.
[b]ENTRIES...Ignored