DislikedHi Loveevery1
Do you wait for a 15MIN candle to complete after London open to enter a trade?
With regards,
PramodIgnored
The reasoning behind waiting for the London open is that is time when most of the money comes into the market and hence there is more momentum.
This is the same for New York open.
This in theory should make your task of making money easier as the market is more liquid - although there is a catch and that is that the big traders / banks drive the price one way then the next in order to provide fake signals to catch the smaller traders out.
For more information please look at this post #3328
Also something that helped me out was to add the trading time indicator to my chart so i could see when london opens and then back test 6 months of London opens - in order to see how the market behaved ie the fake set ups and to see the momentum on London and Newyork open.
Peace profound
Steadfastness is held above all success