London time: 22:00 -- 16:00

EURUSD only

Not even London Close recovery worked today. This is something strange... (normally in this scenario, when a candle closes well in the green box at LC, it recovers. image

EURUSD only

The violet thick trend line I put on the 22nd of January, based on three wicks. Until now we always came back somehow, today again.. image

EURUSD only

Today the entry parameters for the London Close strategy were met here at EURUSD: 15 easy pips within 15 minutes... (the bearish candle at 16:00 GMT) image

EURUSD only

Confirmed by the wedge image

EURUSD only

Don't sleep and trade (just as don't drink and drive... you could spill the beer) So? Putting a sell stop (or limit, depends on the hour) at 1.2155 before LC -sorry that I am repeating myself- would have given you your 10 pips easily. Within one ...

EURUSD only

So much about "fundamentals". They seem to have short legs. Now we are back to from where we came from after LC (M15): image Happy pips and stay green!

EURUSD only

Who knows? Maybe just .... nothing? Just an algo that calculated the length of the candle? The more I study candles and fibos the less I believe in fundamentals.

EURUSD only

Easy answer: because not every day at LC the entry parameters for this fast strategy are met. Today was just another (very) good example. I posted the link to the rules and if you look at the brown rectangle in my post above: Bingooo!

EURUSD only

just London close ;-) M15: image

EURUSD only

This is the London close pullback. An almost 100% win scenario. Works for all pairs, today was a beautiful example here as well. Good to make some fast pips. How it works is explained here: url Just don't be too greedy ;-) Use a trailing stop or ...

EURUSD only

Everybody has a different view, very educating... here is mine (H4 TF) If the upper line of "my" trend channel will be broken, then the next level we aim for is 1.2273 (which we had before mid of Decenber) image

EURUSD only

Interesting. But is there any evidence? Or just a shot in the dark?

EURUSD only

The question is (especially with these weekly, monthly TFs), how long will the channel continue? from 2002 to 2007/2008 (roughly) it was an up channel, since then a long travel down. But who knows if a new long channel up was started around end of ...

EURUSD only

For sure. Best indicator ever: image

EURUSD only

I don't think human big traders are intervening too much at the moment. Looks like they are just watching if their programs do the right stuff. Never seen lines being hit that exactly. Maybe it is the Biden boredom? The fibo I was drawing and ...

EURUSD only

Interesting to see how this H1 candle is fighting with this level...

EURUSD only

My fibos for now and today, funny fact that this line 1.21659 that I carry with me for a long time appears again: image

EURUSD only

Looks like today London Open was chosen for marking the 61.8 (or 38,2, as you like) H1 fibo... image

EURUSD only

at the end of the day we are all smarter (or: if we had known before)... Anticipating that Frankfurt open would mark the 61.8 (or 38.2, whatever you want). Then the high would have been clear. (to be honest, I expected the high even higher at around ...

EURUSD only