Disliked{quote} There are various colours between black and white. The lines on my chart are the average price ,pre Europe open, They represent various time frames. Can I take a buy or sell from these levels with any certainty greater than 50 50 ;no, But if I combine the price action unfolding in front of me with obvious influx on markets opening ,these levels start to tell me something ,with the knowledge that the market is anticipating news release at 9.30 again a hint of indecision ,these levels are again helping me to make entries,watching multiple...Ignored
I am still standing by my statement that these technical studies (with the absence of any fundamental studies) have no proven statistical edge.
tradewith60