EURUSD

The pattern for the last few days has been that Franky is taking it to the nearest hourly level & then London sets the trend of the day. Or you can argue that Franky is setting the high or low of the day.

Assume the pattern holds, it was a long at the Franky low on London pullback. I'm long at 147, SL at 12. I'll move it to BE once the first 15M high of London breaks.

This is the inverse 15M chart. The price is above the Asian box (below on actual chart). But you have your opposite bar trigger.

It is also possible that it just ranges below the Asian & then breaks lower as well.

Yes, youre rght

This. If it makes a new low (break below 11), then it is a break. But as I am tying it, it broke above the Asian low. I mean broke above 20.

I was stopped out on this, I did not move it to BE. It was up 9 pips, but -2 in the end.

FOMC meeting today.
Traders be safe don't over leverage and don't bet on the news. Let the decision come out and see which direction EU breaks on the daily chart then position in that direction.

Remember if you don't have capital to trade doesn't matter if you were right or wrong. Any news driven trade can blow your account.

For a trader to be happy and profitable he need only to be right more then wrong and make more money when right then wrong. Meaning don't pushback on losing days and be relaxed and walk away.

Good days happen, trading is a simple experience we make it hard.

It's hard to follow then to say it and hence every now and then i also feel the pain and question myself but then i realize this game is easy we just have to reduce the number of trades and let the sequence play out.

I have attached a nice chart showing the power of red bars and blue bars at right times.

Trading is about finding the edge that works for you as a person, it's only when you have found your edge that your psychology will improve, it's like doing what the other 95% are not doing

The session opened and double tested where it last closed now falling back to where it last started.

See the computer generated chart 2 showing the last trading day. It showed how important the range high break was today that never happened hence we are slowly drifting to where the price was yesterday and the US session lows.

Yes.
Find the edge then without worrying press the button when that edge shows up. Don't get disappointed over an individual trade as long as it was taken based on that edge.

Finally increase the lot size with time and have a timeline in your mind to do that.

Yeah you are correct but then also apply good money management, I have a little secret to tell you, I don't trade in the least timeframe as 1min if a level that was initially buying or selling don't get swept out, before price continues in same direction, that's my edge and my psychology and money management is built on it

Week in a nutshell.
All sessions have high lows at pre-frankfurt or frankfurt.

I can't really understand that indicator how do you use it

I personally don't use indicators while trading

When you are trading any instrument it is best to always trade the liquid sessions as the price action patterns are reliable and predictable. You also have a much higher chance of catching a trending move during a liquid session.

The indicator allows you to hide all the candles in between only draws the candles that formed during a particular session. This does 2 things.

1. You can spot the last sessions closes more effectively. Oftentimes the price trades exactly where it was in last session. Even continues from the last close.

2. Frees up mental bandwidth allowing you to focus on the here and now. you only see the candles you want to see.

You should also understand that technical traders can get caught up in the noise, looking to the left to predict in the right. But when you filter out today's price action in real time you are just focusing on the current candle. Is it showing a strong move in one direction or the other allowing you to trade the trend more effectively.

I use the indicator to filter out the time between 6 AM london time to 12 Noon london time. Which i consider the most liquid part of the session in london.

As per this chart it should be visible that most high and low of the trading sessions were formed in the first 2 hours every day. So if you wanted to go long and traded the bullish pattern in that time period you could have caught the entire sessions trend. But say you wanted to go short and took the first price action bar and got stopped out and the 2 hours have passed and you are still looking to get into a trade against what has formed you are more likely to be wrong.

EU trades by 2 rules. frankfurt is the days trend. When you see two15 minute candles in single direction in EU in frankfurt don't fight it. London bar is the only bar that challenges frankfurt and can flip it.

Most instruments trade in sessions US30 opening 2 hours are the most important setting the tone for the day. Same here with EU or GU whatever you like. The reasoning is obvious the banks and hedgers doing business would work in their working hours causing the moves so any move in EU that is not in active business hours is unreliable. But with 24/5 fx market a hedger in japan could place an order in asian session but you would still pay heed to the moves in london session only.

Hope this helps.

Yes I understand perfectly

My trade today. attached in 2 screenshots.

My trades this week. attached in screenshot 3. Most days the entry was at days high or low but i still took the easy money approach avoided greed. I can scale this up but i have been sluggish recently will slowly do that.

Happy weekend.

This is not an indicator just information filtering.

I don't take entries based on leading or lagging indicators. ADX RSI MACD are classified as indies no session filters. Hope this clarifies things.

Yeah I get it now

Let's see if we get traction on longs today.

I will try either outcomes climax bottom or long from current lows.