Hey guys i couldnt attend the webinar today so can someone make a brief log of the answers to the topic of the webinar (when to delete a stop, positioning for the next day,...)
Thank you and good luck
Thank you and good luck
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DislikedTom,
Do you look at session open bars as in London open (3 am NY time) and NY open (10 am) bars of the previous day to anticipate potential market direction. I've found that S/R levels combined with previous day's London and NY open bars can be quite powerful. I will post some charts later to illustrate.
By observing them you can make one of two decisions, that either today's open would be a continuation of previous day or a reversal.Ignored
DislikedHey guys i couldnt attend the webinar today so can someone make a brief log of the answers to the topic of the webinar (when to delete a stop, positioning for the next day,...)
Thank you and good luckIgnored
DislikedTom,
Do you look at session open bars as in London open (3 am NY time) and NY open (10 am) bars of the previous day to anticipate potential market direction. I've found that S/R levels combined with previous day's London and NY open bars can be quite powerful. I will post some charts later to illustrate.
By observing them you can make one of two decisions, that either today's open would be a continuation of previous day or a reversal.Ignored
Dislikedyeah i watch the daily open price and how price reacts around it. especially at the NY open.
a quick look at the eu/gb chart shows its importance...
jonIgnored
DislikedHi Jon,
Thanks for sharing this - I feel it is a very important observation.
However, I'm confused! You refer to the open price at start of YESTERDAY'S London session and NY session.
But, your charts appear to show that you are looking at the open of the new day TODAY - i.e. midnight, your broker time.
Can you clarify please?
Many thanks,
GT3RSIgnored
Dislikedyeah sorry i should have been clear. its the price at midnight. new day price might be a better way to put.
jon
i must stress this is not something i have researched much or tested it is just an observation. i have watched this level for quite some time now though and it certainly has significance. i think we have to remember the fx market doesnt have an open and close like the stocks so maybe that is also significant?Ignored
DislikedMine too.
That would have made a great trade.
And not because it was a winner but because the setup was a great one.
One thing to remember : not all winners are good trades and not all losers are bad trades.Ignored
DislikedThis area 1.21355 looks interesting. Thoughts? I dont like the bounce from 2 hours ago but it still looks very very nice.Ignored