GBPJPY Range Bar Trading System

buying GJ and Selling Gold.

Looking for best entry.

Target is the OPEN on both

2nd bar buy

Update,
SYSTEM works
2nd 40 pip Range Bar Entry

I will post best times of executions

When I trade Stocks and EMINI SP500 contracts. Usually I adhere to time execution along with major support and resistance.

Example: SP500 starts trading at 9:30 AM EST I know at 9:31 there is a trade either up or down. and another trade at 9:51 AM and another at 10:31 AM

Currencies do the same.

Pay attention to these reversal times. And if at around these times, price is near ADR high, ADR LOw, chances are its a high probability setup if confirmed by 2nd range bar.

TIMES LONDON Session
EST
2:00am EST

3:11am EST

3:46 am

4:55am

5:31am

8:15 am
8:31am

Time US SESSION
9:31
9:46
9:51
10:01
10:31
10:46
11:01
11:31
11:51
LUNCH TIME USA ---NO Trading

2nd range bar, pointing up few more pips, but time isn't on our side. Lunch time NY EST

2nd range bar from top, opened at 3:46am and sold down.

why time is important? well, if you enter early you get stopped out only to see the trade going the way you bet on it from the first place.
so timing your entry helps avoid stops. Why, cause Time = Volatility and Liquidity

why this 2nd range bar from bottom isn't a good trade to buy into?
cause TIME is against you. LIquidity pushed market to full ADR and below open. chances are price will close at the lower end of the day.

Im not saying buying isn't going to work.. its probable . But im in the business of knowing and not guessing. ONLY TIME CONFIRMED trades

Thank you for sharing this system!
I follow

Thank you Maverick

That worked.
2nd bar
didn't take it

No Trade
No liquidity
NFP DAY USA
Possible sideway session

15 min Barchart
line in the sand

above buy
below sell

Ok here it is.

IB meaning FIrst hour london session initial balance hi and low at 142.34 - 142.16

break above is buy
break below is sell

IB Not broken yet

either go with the break or wait for retest
or do both

broken to down side

next obsticle to downside 142.00

40 pip range bar looks good for sell, with possible extension of 3rd bar

bastard, going sideways.

GY
Big Gap Down.
50% closed,

Upside levels 142.80 above this level expect price to see 144.16 July Low
Below 42.80 expect to see 139.29
if 139.29 gives in to downside. expect 138. stretch.


How to trade today.
wait for reversal times around 1hour before london session 2am EST

TIMES LONDON Session
EST
2:00am EST

3:11am EST

3:46 am

4:55am

5:31am

8:15 am
8:31am

Time US SESSION
9:31
9:46
9:51
10:01
10:31
10:46
11:01
11:31
11:51
LUNCH TIME USA ---NO Trading

Retest of the low, and possible revese to upside

bought the low,