Disliked{quote} Right Skew I guess Emmanuel, have been back testing since yesterday, with other candle pattern formation I have a question for PHX62 , sir when I read your posts, I see that you take trades when PA test the high or the low of London Session and fail to break , then the setup candle change color to opposite color, I'm not sure if TDI would cross in this case yet, because an aggressive entry is taken on the pullback from the high or the law especially after like 3 test in the m15 or 2 hours in H1 Can you share some thoughts and hints in this...Ignored
I have been busy and just found your question. When I was doing lots of testing and trying to set up my own trading plan, I learned that many times, especially on pairs that have an ADR over 100, that the London session moved differently than the Asian or NY. Most of the time, the high or low of the session or the day are set during the first couple of hours of London and once that happens, price often moves several hours in one direction (sometimes there will be a little retracements and continuations). The market for the past couple of months has not been as consistent but as we get past the summer, I would expect that to change. The more aggressive entries I make at the beginning of London are based on that knowledge. I like to get at least 50 pips from the London session. I do not wait for TDI confirmation when I have a pullback candle or other candle pattern set-ups during the early London hours. I always monitor those trades until I get at least 21 pips into profit and then sometimes let the EA manage the trade from there.
Hope this answers your inquiry........