DislikedEmmanuel,do u have a method for London and New York breakout as Tokyo-Sidney?Ignored
No. I don't have any breakout strategy for London and New York. There are several London breakout strategies avaialble online.
But when we trade the London session, this 5-Method will give us many good trades when we do not trade when the market is in consolidation and wait to trade the breakout of the consolidation.
The question is really how do we as traders identify market consolidation when we do not analyse the recent history bars. Maybe using a crystal ball is what some traders do. But we learn from Big E, I don't think that he used a crystal ball. He studied old charts going back 10 years of chart history in case some still did not know this. We do the same, we study old charts as far back as your brokers data provide and learn from our own study. When we study old charts, we take note of the pattern and the time. What pattern? make a guess.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett