London DIBL held with UHV. But we have a M30 close below the NY IBL. Stop set to BE+1 just in case Still biased to go down, but that stopping volume is worrisome for my short.
Change is the only constant
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Dislikedtgwhbb
Good lugk withyor short - this is a crucial area i see either Distribution or Accumulation dard to tell as it is FridayIgnored
DislikedNew 4hr bar forming in 5 mins.what is your target tgb ? i see 34677 as interimin supportIgnored
Dislikedshowing good strength now with increasing vol on up move after the 5M shakeout into the london DIBL....Ignored
it seems to work fine for me, but if you have any issues or comments let me know via PM. I still plan on adding more to it, just need to find the time.
DislikedAttached is the little indicator i wrote to show initial balance lines for each session...Ignored
DislikedHi mima,
DIBH = double initial balance high
IBH = initial balance high
IBL = initial balance low
DIBL = double initial balance low
Thanks tgwhbb for the indicator, tested the initial balance concept today on EU, and it looks promising.
Gruß,
WolfgangIgnored