DislikedHi BWilliam, I did not really see the trade early Tokyo session. Now having a look back i feel that price was going up and down too often around DOL that time for me to take the trade. Maybe at that time i wasn't too sure of my analysis that price would trade below DOL. The early London Open trade i saw it and would have taken the trade for sure. For me price was at a RN, rejected DOL, PFH and Weekly Open line. These were the confluences and also that i felt that it was going to be a down day after the Asia session downward movement. Take...Ignored
The first Tokyo open trade requires you to be certain with your macro analysis that market trade weak below dol. At this early part of the day, most traders are not revved up yet to be ready to take this trade, they prefer to stay out with this strong sense of doubt. Staying out this early with cold engine is bad habit.
About the third pullback trade, many traders miss this quick pullbacks midway into breaking high or low(that's the purpose of the adr). You have to be prepared to expect that pullback to happen and to be nimble and quick to take advantage of this opportunity.
Both these trade opportunities will continue to pass you by unless you recognise your shortcomings and take remedial action. I made you aware of them today.
Know what you trade
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The cable chart. Have I missed something in my analysis. ( written on chart) Order block - important or myth? How do you locate it per ICT ? {image}
