Notes on Daily Range: The daily range is broadly divided into three parts—a foundational theory and practice often overlooked, and frequently rebranded across different time periods in forex trading: Range I: Formed during the Initial Balance (IB) and Asian Session up to the transition into the Frankfurt Session.Range II: Formed after the London Open.
Range III: Formed after the New York Open until the end of the trading day.
Other indicators, regardless...
For GBP/USD yesterday, it was Bearish with a small range of around 50 pips. The range boundaries were well-respected by price (I still don’t fully understand why it was so precise and accurate? And it works many times (this period), and not "a new concept"), except for Range III, which was supposed to run Bearish toward the target but didn’t succeed. With such a narrow range, it’s difficult to achieve 1/3 of the ADR TP if trading starts after London Open unless scalping repeatedly.
The main difficulty arises when the trend reverses direction, like USD/JPY yesterday. Initially, Range I was Bullish, but then it turned Bearish in Range III. The upper boundary of the range before London (Green Line) eventually became the full range high by the end of the day.
Another major weakness is placing the SL too narrowly outside the 1:1 RR boundary. Additionally, in prop trading, trading during Red News is prohibited, so you have to frequently pause trading—15 minutes before and after Red News.
Cheerz
fooled by randomness in art
Meditation All Time Return:
8.9%
Level 3 is the hardest because it’s full of complicated rules (complexity). 
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