Ah ha!! Now we get to the crux of success for this system:
Determining the start of a volatile range! Maybe further discussion is in order... do you all just watch the charts, (how fast the ticks are coming in, and an increasing range of a bar...etc...) and just jump in when it "feels" right?
Or... is there any volatility indicator that would be helpful... as we know, there is no real "volume" for FX, which is too bad, we could use an increase in that number to indicate more volatility... Tried the Daimiani Volatmeter, but it doesn't really help... Thought of overlaying a ATR1 over an ATR13 say, to indicate an increase in range... maybe indicating more activity/volatility...
Any other ideas or approaches??
Then, there is the good ol' clock "indicator". 7gmt, 8gmt.. somewhere around there for the start of the European session, while everybody is waking up and starting to trade for the day..
Determining the start of a volatile range! Maybe further discussion is in order... do you all just watch the charts, (how fast the ticks are coming in, and an increasing range of a bar...etc...) and just jump in when it "feels" right?
Or... is there any volatility indicator that would be helpful... as we know, there is no real "volume" for FX, which is too bad, we could use an increase in that number to indicate more volatility... Tried the Daimiani Volatmeter, but it doesn't really help... Thought of overlaying a ATR1 over an ATR13 say, to indicate an increase in range... maybe indicating more activity/volatility...
Any other ideas or approaches??
Then, there is the good ol' clock "indicator". 7gmt, 8gmt.. somewhere around there for the start of the European session, while everybody is waking up and starting to trade for the day..