Quoting OrangeRoshanDisliked... Upon the opening of the Monday candles, Immediatelly PLACE TRADE OPPOSITE TREND TO THE SUNDAY CANDLE...Ignored
So we know that the little Sunday candle is sort of a broker derived oddity, that in actuality contains a two hour period of 22:00 GMT to 23:59 GMT on Sunday nite before the midnight hour in London/GMT which then begins Monday's candle. Here is my thought, and i'm going to dig into some manual searching on the 1hr GbpUsd chart; Since the two hours above are the first two hours after New York close of 17:00 EST, i.e. the beginning of the new day's Asian session, might there be other opportunities when the "Ebony and Ivory" are playing in harmony besides the Sunday/Monday candle? Obviously due to IBFX's Sunday freak-candle we know this trade set up exists, but are there other similar opportunities hidden within the hourly charts in the same time frame on other weekdays? This is what i will look at, but wanted to put it out to you all in case some have already looked into this.
Oh, and another observation, that actually got me to think more on this. Remember how nice and bearish today's candle looked before the NY session? Some picked up nearly 70 pips with the simple SRDC Sunday trade. BUT, what if you were a newbie to this thread, and just began your search and found out about the Sunday candle trade? Would you not say that looking at today's CLOSED Bullish Monday candle this Sunday/Monday trade would have been a loss? This is what i am talking about in my ramble above, there is so much hidden behind the daily candle. I'm wondering how many of those Sunday Candle trades that looked like loosers were actually winners? (or i suppose it could go the other way too , ( such is life in FX.
Happy Pondering. I'm off to work during the Asian open and hope to see/hear you in the TeamSpeak room tonight.
Thom