{quote} Yeah, during the London open is fine. It's ideal if it hits it during the breakout between 2am-3am est., right before the london open, but looking back at the london sessions, it works pretty well if it hits that zone during that time too. That tends to be the time when it happens. Later on when New York comes into play is a bit too late for it. There's a chance it will still happen, but it's much smaller. So I don't trade that method then. I set my SL just outside of the zone. So let's say the asian high ends at 175.500. The zone goes from...
that's cool, thanks for sharing bro, i'll test out this method later
that buyers get shaken out and price moves down to 173.20 or t least 176 and begins the main trend.
in the meantime I do have a buy order after this pull back breaking this 50 pip Asian range. I love counter trends but nothing wrong in breakouts as long as it holds and you control your risk. I have no bias at the moment though but seems the news is coming in an hr or so... I wonder what gift it brings
