Hey JDL
I think this is just normal business as usual from over the years. Markets consolidated/range breakout/swing etc. It just is the same stuff over and over again. We have periods of high volatility then low volatility and the months they happen vary. August is general or summer months used to be dead as anything, then we have had summer months that were insane with risk aversion etc. So I would just say it is what it is, and the markets are the markets. Not to be vague in that regards but I get this question in my inbox often. One option is to always expand the markets you watch.
As for 4hr, I personally watch one for each 4hr close. I can not say with any consistency that one is better then the other or I have noticed 1 feed give more signals then another. The only reason one might give more is b/c some feeds I am able to watch more pairs then others
For that reason if I had to choose one it would be one where I could watch the most pairs again to have the most opportunities. Again though location location location. But b/c 4hrs is a large amount of time each one falls where they are getting roughly 2 great closes per the main London/US sessions. Then of course closes that occur late NY into Asia are notoriously going to give less or not great signals due to the market time.
Hope that helps
Mike
I think this is just normal business as usual from over the years. Markets consolidated/range breakout/swing etc. It just is the same stuff over and over again. We have periods of high volatility then low volatility and the months they happen vary. August is general or summer months used to be dead as anything, then we have had summer months that were insane with risk aversion etc. So I would just say it is what it is, and the markets are the markets. Not to be vague in that regards but I get this question in my inbox often. One option is to always expand the markets you watch.
As for 4hr, I personally watch one for each 4hr close. I can not say with any consistency that one is better then the other or I have noticed 1 feed give more signals then another. The only reason one might give more is b/c some feeds I am able to watch more pairs then others
For that reason if I had to choose one it would be one where I could watch the most pairs again to have the most opportunities. Again though location location location. But b/c 4hrs is a large amount of time each one falls where they are getting roughly 2 great closes per the main London/US sessions. Then of course closes that occur late NY into Asia are notoriously going to give less or not great signals due to the market time.
Hope that helps
Mike
DislikedTwo questions if you have time...
Q1. Do you who have done this for years feel the last two months have been low, average, or high in terms of the number of quality daily PA setups forming? I know it fluctuates over the months and years. I'm just curious because I have no experience with which to judge. I know it's subjective and not precisely quantifiable, what does your gut say? I'm curious if there is some general consensus that it is one way or the other.
Q2. Also, if you are trading 4 hour charts, are there bar close times when good setups...Ignored