I'm less then 20 pips from BE
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yes yes yes
2
Cable Update (GBPUSD)
- #731,621
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Face 'ur fears & tame 'ur greed
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na
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- #731,628
- Feb 23, 2023 1:41pm Feb 23, 2023 1:41pm
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{quote} The strategy of London is working, i hope the news not disapoint us today.
x-axis - 10 a.m (gmt+2) candle body size (0.002 = 20 pips)
y-axis - pullback in next 2 hours. i.e. low[{11am, 12pm}] - close[10am] if bullish london open
basically it's symmetrical to continuation trades (upper right, lower left) and similar for every hour
Air force
- #731,629
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- #731,633
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{quote} I tried to quantify it. x-axis - 10 a.m (gmt+2) candle body size (0.002 = 20 pips) y-axis - pullback in next 2 hours. i.e. low[{11am, 12pm}] - close[10am] if bullish london open{image} basically it's symmetrical to continuation trades (upper right, lower left) and similar for every hour
Don't compare your trades to others. Most often the masses are the asses
- #731,635
- Edited 3:23pm Feb 23, 2023 2:04pm | Edited 3:23pm
- Joined Dec 2020 | Status: Re█████ | 2,867 Posts
{quote} Fam, what is this?? I can't spot the "Woman in Red"!
I heard here about the "reversal strategy" after first hour of London session open
Every point is coordinate {x,y}
x - london open candle body
y - pullback in next 2 hours
upper left for bearish LO and bullish pullback, lower right vice versa
continuation trades (upper right, lower left) can be equally (un-)successful and have same volatility
It looks like noise. so it should be in this case
Air force
- #731,636
- Feb 23, 2023 2:10pm Feb 23, 2023 2:10pm
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{quote} Just do it ... {image}
Always trade your own plan...I don't provide trading signals.
- #731,637
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{quote} Impossible is nothing (old commercial in the USA)...
- #731,638
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yes yes yes
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{image}
- #731,640
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{quote} If you look at the volumes, this move down probably didn't generate the liquidity that the MM''s expected. This morning several identified orders, order blocks and liquidity above this level that could be used to help drive down prices. The MM's may go after it 'next'.
How to succeed in zero sum game?