Aliassmith Beats a "Dead Horse"
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
Starting at London open 2R
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
Second trade -1R
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
Third trade 1R
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
Fourth trade 1R start of US session
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Re: Aliassmith Beats a "Dead Horse"
Looks like today was a good day for the method. Are you beginning to favour 5 minute setups over 15? I think a while back 15 was the preferred choice.
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
Fun fact:
I ran the 12 ATR on the H1 chart for the EUR/USD
I placed a red line at London open 3am EST
As you can see after London opens the average size of the 1 hour candles increase
If you haven't guessed it already the peak is when London shuts down 12 noon EST
There is a slight increase in size when Frankfurt opens
Size decreases until end of day US session
I pretty much knew this from experience but here is a graph to give visual proof
This could help with trading decision depending on your style
I ran the 12 ATR on the H1 chart for the EUR/USD
I placed a red line at London open 3am EST
As you can see after London opens the average size of the 1 hour candles increase
If you haven't guessed it already the peak is when London shuts down 12 noon EST
There is a slight increase in size when Frankfurt opens
Size decreases until end of day US session
I pretty much knew this from experience but here is a graph to give visual proof
This could help with trading decision depending on your style
- Attachments
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- EURUSDH1Whenisthatmovement.png (52.93 KiB) Viewed 2181 times
Last edited by aliassmith on Wed Aug 26, 2020 12:01 am, edited 1 time in total.
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- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
ia1979 wrote:Looks like today was a good day for the method. Are you beginning to favour 5 minute setups over 15? I think a while back 15 was the preferred choice.
15 minutes works. I believe it was LEM that started using that TF on the EUR/AUD
LEM would have traded something like this last night
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Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:ia1979 wrote:Looks like today was a good day for the method. Are you beginning to favour 5 minute setups over 15? I think a while back 15 was the preferred choice.
15 minutes works. I believe it was LEM that started using that TF on the EUR/AUD
LEM would have traded something like this last night
Yeah I saw that one afterwards. Happened at 8am here. I didn't sit down to trade until 10am. Will try the method on the 5 minute chart on EU tomorrow morning.
Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:Fun fact:
I ran the 12 ATR on the H1 chart for the EUR/USD
I placed a red line at London open 3pm EST
As you can see after London opens the average size of the 1 hour candles increase
If you haven't guessed it already the peak is when London shuts down 12 noon EST
There is a slight increase in size when Frankfurt opens
Size decreases until end of day US session
I pretty much knew this from experience but here is a graph to give visual proof
This could help with trading decision depending on your style
Thanks Alias. I'm guessing you mean London open at 3am EST?
- aliassmith
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Re: Aliassmith Beats a "Dead Horse"
ia1979 wrote:aliassmith wrote:Fun fact:
I ran the 12 ATR on the H1 chart for the EUR/USD
I placed a red line at London open 3pm EST
As you can see after London opens the average size of the 1 hour candles increase
If you haven't guessed it already the peak is when London shuts down 12 noon EST
There is a slight increase in size when Frankfurt opens
Size decreases until end of day US session
I pretty much knew this from experience but here is a graph to give visual proof
This could help with trading decision depending on your style
Thanks Alias. I'm guessing you mean London open at 3am EST?
Correct and edited
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