DislikedThanks WHTenn,
I understood but the candle in the terminal line of orange box is the hourly candle 9:00-10:00 and the candle circled in yellow is the hourly candle 10:00-11:00.
OK ?
So, we must wait for the close of the candle 9:00-10:00 to begin the trade because the high and the low of the orange box are determined by that candle (and the two precedents).
The beginning of the trade is at 10:00 (London time)!
That's right ?
If it's wrong, I must change my settings.Ignored
The 10 candle is the one that is formed outside of the box. If this same candle breaks outside of the red box if your looking at the hourly chart. The box high and lows are determine by the 7-9 high and lows during that trading period. The 10 candle...as soon as it is formed (10:00:01), you watch this candle as if it was the start of the Grand Prix race. From that point you watch the direction and along with the other indicators, if it agrees with the indicators and it breaks the height of the box, you should take the trade going long and opposite direction for short. Continue watching the indicators associated with this movement.
I trade large lots so I am only taking 25 pips which is very easy to obtain.