Flying Dutchman

Had enough now. Scraped up a few pennies but not a lot of movement for me today. But could be down to a lot of Red news released

You got your coffee and TWO chocolate Biccies, What more do you want ?

More chocolate

sent you dm pal. hopefully your mic is working

First of all no I did not take the trade... But it is a setup and if I wasn't distracted I would have pulled the trigger simple as that.


Notice in my post above I said how I use the entire Tokyo session as reference in New York... I have eluded to this numerous times in charts where I will highlight an open a high or low or a 50% level from Asia...

I have called this trading from the outside from the inside... And really it just refers to this type of situation right here.

If you look at my oil chart with the extended Asian box..
Where did price come to after I posted the chart.. ?

Bias was set and price retraced to the exact pip of the Asian low.. a couple pips away from the 50% of the US range..

This coupled with numerous other confluences.... Is a valid short setup for me. Very telling PA on the one minute in relationship to the Tokyo and the New York open...

Looking oil right now price retraced again to the 50 pierced it above New York open.. look at those stack of 5 minute bars stuck chart simple price action.. coupled with numerous other confluences.... New York open the 50% level and Tokyo low..

Trades on got
to go..

Blue

G'Day All, Text book set up on GBP/JPY just after the hour mark during London Session. 15 odd pips stop hunt at RN and up it went. It gave another opportunity with a pin before it went to the usual DOL. Doesn't happen everyday but atleast once or twice a week cos big players or Algos need the stop hunt to secure their position and TP. Like Bluesteele says wait to trade from the outside. Lots of patience is needed but it definitely pays. I missed the trade cos was at work but it was very clear.

What about London?

Bluesteele does not use LONDON box, please go through his post. He uses the ASIA box and NY equity OPEN hour as the reference box for the following session.

Cheers!!

gold bearish

I have drawn the lines on the sand.
My playing zone for GJ. I am bearish as long as the structure is not violated.

My levels for GU.

Attached Image (click to enlarge)

smc liquidity with quasimodo combo
compression move up now.

Hey Kev,

I dont trade London anymore..But if I did ..I would trade the same as NY...I would use the complete Tokyo
session...I want to know the High Low Open and 50% level of the Tokyo session..

I only use an Hour box for the current session I am trading.

Trading Asia 1hr box
Trading London 1hr box w/ full Tokyo session
Trading US 2 hr box w/full Tokyo session

Why not use London to Trade NY? I am sure one could get some extra confluence with the London open and 50%... But I have found
Asia sets the day.

Heres a chart of yesterdays Asian/Tokyo session... No cherry picking scrolling thru charts to find a perfect example...
As you can see the Tokyo session and its relationship to London... These are all 100% exactly what I have been showing..
right down to the 50% trade... A picture perfect setup. For example does that particular setup always work? Nope...but
it works more often than not....

So to answer your question "What about London?" I dont trade it..I dont use London data other than respective swing H's/L's on the charts
But if I did ...I would use the FULL Asian/Tokyo session for reference ..

Hope that helps you and anyone else ....But again..its just my way..its not the only way..its not the best way..But it is highly effective for me
And its what my backtesting/Fwd live trading has shown to work.

All the best and heres the GJ London chart from yesterday with notes showing what I am looking at and a nice 50% trade..

Cheers
Blue

2 good short setups one just after the Open another when long bias was set when 5 m candle closed outside of London box..
and a long trade off the 50% level.
(Hope the charts and post makes sense...tired,,,up since the wee hours of the morn 930 now and hitting the sack )

waiting for frankfurt/london sessions for confluence.

gold result

gu is now in play.

bearish continuation.

EJ and AJ, gr8 setup but rookie entry

Attached Image (click to enlarge)

GU trade