Trading with zones could also be called trading consolidation, its very easy to find trades at consolidations, when few candles starts ranging wait for the breakout and trade on the side of breakout.
To me that is saying trade on the direction of the 4h or 1 h candle (I could be wrong on my interpretation, english is not my first language), there used to be a trader here at ff crucialpoint that said something similar trade long above 1 h open and short below the open.
Forexholy:
Do you trade the order block before the london open? the one where there is a bit of manipulation and stop hunt happens? I was wondering if thats the most common place for the order blocks?
Also do you use fibonacci retracement? I noticed a lot of those reversals do happen on the fibo values.
Thanks
Forexholy: Do you trade the order block before the london open? the one where there is a bit of manipulation and stop hunt happens? I was wondering if thats the most common place for the order blocks? Also do you use fibonacci retracement? I noticed a lot of those reversals do happen on the fibo values. Thanks
Ignored
I live in the US central time I am not getting up before 2:00 AM to trade the London Open. Yes I sometimes use Fibs.
