bottom of the bucket; eurusd, H1. 70 pip bounce.
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DislikedI am looking to sell eurusd 1.3929 which is a strong area. Am in the buy from1.3803 but was too late to post. I also have sell pegged on eurjpy at 135.22 and am in buy on that at the moment. I dont have anything else I am interested in at the moment so will sit on those.Ignored
DislikedHi gang ... herewith some assorted notes from the real-time chat this morning, in relation to timings, particularly around the London Open:
Good old London open
often I see on London opens that price moves in one direction for about 30 minutes only to turn around and thrust back in the other direction
Asian desks closing out their positions before handing the book to London?
Yep, there is a whole trading method, the "Big Ben" system based on this early movement in the London market
DislikedHi gang ... herewith some assorted notes from the real-time chat this morning, in relation to timings, particularly around the London Open:Ignored
Dislikedany more suggestions about this kind of trading? some articles or a book maybe? i'm not looking for shortcuts....i just want to find the right direction
i really like your input medici....keep up the good workIgnored
DislikedDon't expect books or articles on this. Why would the dealing banks share with the world how they control the fx market? Do casinos publish booklets about how they rip off gamblers?Ignored
DislikedStill you can get the hang of it by putting in screen time from 5.30 to 9.30. Do your analysis and scenario planning, and then watch the show unfold on a 5 minute chart and notice chart patterns at reversal points. Focus on cable. Gets very repetitive after a few months or years, which is the exactly point.Ignored
5.30 to 9.30 gmt right?
it makes me wonder....why so early? i don't think any dealers in frankfurt or london start their job at 5.30...why not 6.30 or 7?Ignored