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Opening Range? 7 replies
Opening Range Breakout 1 reply
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15-minute Opening Range Scalp - newbie question, plz help 6 replies
The Weekly Opening Range Method 28 replies
DislikedSupposing we are before tokyo open. I.e. 8am +7gmt. At exactly 9am that is the point of opening. Then where price goes in a direction away from the oprning for 15 minutes, that is the range. Now if price then pierces that 15 min range, you use the fib to find the 40 and 50% in the opposite direction of the pierce, when prices returns to that, you then make your order, taking the reversal. Stop loss at 0 and tp at 1 or 1.5 or subjective low or high. So ya, i usd the high and lowIgnored
Is this correct?
DislikedI will share my thoughts about what I have understood regarding the method: You choose a currency pair and a trading session. In this example, I will stick with USDJPY and the Tokyo session. I wait for the session to open and observe price development for 15 minutes afterwards. Once 15 minutes have passed, I have the range of the opening, which includes the highest and lowest prices during that 15-minute period after the opening. I draw lines to mark the high and low (and the area between them becomes my range) and wait for the price to break either...Ignored
DislikedHello, I wanted to know what is the exact time of the candle, does it have a specific time Can this indicator help?.........this is Candle Breakout https://www.forexfactory.com/thread/...5#post14467435 Let me know, thank youIgnored
Disliked{quote} Hi, there is this indicator in trading view by butoiki on fx sessions, that on default mode should show all the opens and closes of the exchanges. I am not familiar on how to use your indicator, is that in mt4? I dont really use indicators much now a days except for fib, but im willing to learn. :3 Specific time i use based on +8 gmt. 1. 8 to 9 am 2. 1 to 2 pm 3. 3 to 4 pm 4. 4 to 5 pm 5. 730 to 830 pm 6. 9 to 10 pm 7. 1 to 2 am 8. 5 to 6 am The one i love best is 8 to 9am since its mornig for me. And 4 to 5 pm since its the first one i...Ignored
Disliked{quote} Thank you for your time, I will definitely check this weekendIgnored
DislikedI simplified the fib for clarity 0, .5, 1, 1.5. 2.5. To 10.5 Rules 1. Meaures the 15 min range 2. See the break 3. Wait for the price to reverse at the 50% mark 4. Order in the reversal's direction. Target 1 to 2.6 based on your risk tolerance. The more movement the pair does, the more opportunity for you to make gains. Jpy pairs enjoy this alot. {image}Ignored
DislikedIs this correct? Considering the range of the Tokyo session {image}Ignored