[quote=hayseed;14615510]
on this. I actually saw some patterns like this where, say in a down trend, if I don’t have an H1 up leg by London open, I don’t even want to short because that tells me my sell opportunity is unlikely to come until US open (if you finally got the H1 up leg) if at all.
so you include the length of the wick of the previous candle when you consider the amount of retrace you are planning?
seems to me that if there is minimal pull back after the US close on many pairs, there is more likely a pull back during AUS or JPY market hours. However, if there is a good wick/pull back on the previous day, often times it appears there is sideways action in place of pull back before the price falls at London open (again, assuming there is an H1 up leg)
Disliked{quote} there is a predictable amount of retrace on every pair and timeframe.....Ignored
so you include the length of the wick of the previous candle when you consider the amount of retrace you are planning?
seems to me that if there is minimal pull back after the US close on many pairs, there is more likely a pull back during AUS or JPY market hours. However, if there is a good wick/pull back on the previous day, often times it appears there is sideways action in place of pull back before the price falls at London open (again, assuming there is an H1 up leg)