I noticed that often, at the opening of the London session, the majors EUR / USD and GBP / USD tend to test a level created in the night and then reverse up to the opposite end.
In this case, then, I wouldn't go looking for the break of the night stage, but the FAKE breakout, with a good return risk.
I opened this thread to know if someone uses this technique or has seen this movement, in order to confront and improve.
For now I'm using the zig zag (not for the entry ) in m5 but to take clean levels created in the night, and from the opening of the London session I wait for the fake breakout, setting the take profit to the same opposite level and the stop loss exactly half of the takeprofit, for an R: R of 1: 2.
More risky but sometimes effective to make profit run through the trailing stop, sometimes the opposite level is broken and the price continues to walk making so many pips.
In this case, then, I wouldn't go looking for the break of the night stage, but the FAKE breakout, with a good return risk.
I opened this thread to know if someone uses this technique or has seen this movement, in order to confront and improve.
For now I'm using the zig zag (not for the entry ) in m5 but to take clean levels created in the night, and from the opening of the London session I wait for the fake breakout, setting the take profit to the same opposite level and the stop loss exactly half of the takeprofit, for an R: R of 1: 2.
More risky but sometimes effective to make profit run through the trailing stop, sometimes the opposite level is broken and the price continues to walk making so many pips.
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