DislikedThanks tah for confirming the short...yes I was aware that it was outside the london session...I was just curious if I picked out a valid trade other than the time and it sounds like I did.
But I was also curious in if your EP, and TP would had been the same and what you would have done with the SL considering it would had been much farther than the TP1?
Thanks!Ignored
Attached is the current picture of that situation, and it doesn't look like the trade has done anything! This is one of the two risks of trading outside the London session. The other risk is that the sonofabitch can quickly reverse! And, that might be about to happen with your example! Look at the VSA study. The volume spikes are coincident with lows!!!!
No, I do not think that is a "valid trade", but rather it is a valid example of why not to trade those beautiful setups the early asian session puts on for us! Yes, admittedly sometimes one does run grandly, but those are few and far between.