Dislikedhi guys, i have a couple of questions:
1)which pairs do you trade most on this method and which pair has given you the largest profits?
2) also although i've made some good pips the past couple of days, there is still something that is bothering me. that is when the inside bar is very very close to the open price, so it could break either way. do you take it both ways? I know peter crown advices to watch both high and lows when this is the case but so far every trade i've taken both ways when it's so close to the opening price has turned into...Ignored
Question 2> You may have answered this yourself. Perhaps trading the closer to open IBs is not in your best interest. Remember you do not need to trade every single IB. The only other advice I can give you is to trade it with that TFs trend, especially if you are near some support/resistance. Watching multiple timeframes to get a feel of where the trade is at with also give you an insight as to whether the trade may or may not be worth the risk.
Question 3> from london open to about london afternoon. What ever time that is in your zone. Most action will happen when london warms up, by that time new york has opened and they usually follow the trend.
The markets have been a bit irratic this week beside some big moves by the majors. Monday gave us some nice moves but since then most pairs have move back, or move quite little which can make this method frustrating. If you caught Mondays move and your still in then bonus, I didnt unfortunatly and this week, although not actively traded as much as most, I have had 3 trades and 1 looser (the other 2 break even). I wont trade today being so close to the weekend.
Hope this info has helped