Good day fellow traders,
by accident i started to count gap's on USDCHF and came on something interesting. I applied marketprofile indy from malcomb (?) which shows volume on session. So how i see it. U/c will always return to point if market wasn't there on europe and asia sessions!! see attached image. red lines ar gaps where price MUST come again! so far it's good. I made up concept to buy or sell market if it's up of it's boundry.
in this case i was selling u/c every 30 pips and TP 30 no SL. if TP hit Again selling 30 pips higher. you will get just take profits and no losers.
market could make even 600 pip counter move but NOT in the straight line. so in the middle you will make pips.
any other thoughts are welcome
by accident i started to count gap's on USDCHF and came on something interesting. I applied marketprofile indy from malcomb (?) which shows volume on session. So how i see it. U/c will always return to point if market wasn't there on europe and asia sessions!! see attached image. red lines ar gaps where price MUST come again! so far it's good. I made up concept to buy or sell market if it's up of it's boundry.
in this case i was selling u/c every 30 pips and TP 30 no SL. if TP hit Again selling 30 pips higher. you will get just take profits and no losers.
market could make even 600 pip counter move but NOT in the straight line. so in the middle you will make pips.
any other thoughts are welcome