i wondered if anyone else agrees with my own following observation.
that there are BROADLY four kinds of market for spot eur/usd,gbp/usd and usd/chf. spliting the day ( asia and europe+london sessions until the ny open being part1, the ny session being part2) or even a trading session into two parts , i see :
market 1: part 1 has small price volatility,
part2 has small price volatility. hence a small range day/session.
market2: part 1 has small price volatility,
part2 has large price volatility. hence large price movement, in which breakout methods often work as the stoploss isnt triggered.
market3: part 1 has large price volatility,
part2 has small price volatility. hence a large range , stagnation day/session. breakout methods fail as stoplosses triggered
market4: part 1 has large price volatility,
part2 has large price volatility. hence a large range , whipsaw day/session. breakout methods fail as stoplosses triggered
that there are BROADLY four kinds of market for spot eur/usd,gbp/usd and usd/chf. spliting the day ( asia and europe+london sessions until the ny open being part1, the ny session being part2) or even a trading session into two parts , i see :
market 1: part 1 has small price volatility,
part2 has small price volatility. hence a small range day/session.
market2: part 1 has small price volatility,
part2 has large price volatility. hence large price movement, in which breakout methods often work as the stoploss isnt triggered.
market3: part 1 has large price volatility,
part2 has small price volatility. hence a large range , stagnation day/session. breakout methods fail as stoplosses triggered
market4: part 1 has large price volatility,
part2 has large price volatility. hence a large range , whipsaw day/session. breakout methods fail as stoplosses triggered
another INTP