Tradeit,
This is where your Market Profile for Metatrader can be quite handy. You see it contains three color parts: olive for Asia session, Blue - for Europe and Red - for US. When price riches extreme levels for Asian session and/or for last US session, you should think if this level is going to break or hold. You might anticipate by looking at the news calendar and consulting with options levels, like DRT suggested. Or you can have some other system to draw support and resistance as I do with Drummond levels.
Wookey
This is where your Market Profile for Metatrader can be quite handy. You see it contains three color parts: olive for Asia session, Blue - for Europe and Red - for US. When price riches extreme levels for Asian session and/or for last US session, you should think if this level is going to break or hold. You might anticipate by looking at the news calendar and consulting with options levels, like DRT suggested. Or you can have some other system to draw support and resistance as I do with Drummond levels.
Wookey
DislikedAs you trade today, what are you thinking in terms of value right now. In general, its Monday, there is no meaningful data, we know the options players are likely done now that 10:00 NY cut has passsed. We know that there is a slew of USD data tommorrow. So what do you think is likely to happen on the curve today. If it goes to an extreme do you think it will keep going up or down or will it return to value.
If you have looked at any of the i"Type of Day" nformation I have given, you would now know that approximately 94% of all days are NOT trend days. Where are your odds today?Ignored
Attached Image
Wookey