If you look at the London open this morning on EU it went short, where did it turn around an go long,,,from yesterdays NY open...just good information to keep in mind. 1 min chart.
Daily Trades = Lazy Trades Journal 7 replies
Dislikedsorry about the post JPRIgnored
DislikedI'm taking trades from 07:00 and 08:00 MY TIME. I live in Wales,UK.
That trade was taken at 06:00 my time.Ignored
DislikedI am a little confused about bias,,,in paulus thread he mentions eur open and eur close, but I think he meant london open and london close for bias. if I am wrong correct me. 2 different times
I trade like you JPR, I enter trades from the open line
The difference being I use the 5 min and 15 min for direction.
Please tell me from what time to what time you are drawing a trend line for bias in your time.Thanks in advance.Ignored
There is a lot of confusion about the Paulus bias. For his bias he uses 2 hours before London open. So at the moment he draws a line from the open of the 6:00 am bar to the open of the 08:00 am bar. If the line goes up then bias is up and of the line is down then the bias is down.
I do the same but I use from 06:00 till 07:00 for bias, not 06:00 till 08:00.
Hope that makes sense.Ignored
DislikedI took the 7.08 signal as a 7am bias trade (and 7am No Bias)...Ignored
Disliked...I've stepped up my account on this for this week and will only trade this until I'm finished then I may or not switch to my normal but depends on what's going on at the Olympics...Ignored
Please Strada, what do you mean by saying: "switch to my normal"?Ignored