For weeks I've been seeing very rare patterns just at 9:00 (London time)
Printable View
For weeks I've been seeing very rare patterns just at 9:00 (London time)
I noticed it too. The typical opening spike that looks like it's designed to sweep everyone away. I stopped operating that time precisely because of that. Something smells rotten.
If you're skipping the stops, adjust your entrance and stop crying.The market is not designed for you.
I think there's a mixture of overopening orders and a lack of momentary liquidity that generates those peaks. I, too, was affected, but now I operate only after 10:00 and everything is much cleaner.
I use a breakout strategy on M5 right in the opening of London and I'm going for luxury. The trick is to know when not to enter. If you expect confirmation, you save the scares.
Open London has always been volatile, and if you don't have an adapted system, you're better at backgammon.
So what did they expect? Institutionals play rookie-stops. This is a game of wolves. If you go in without knowing, you’re dinner.
Well, it's not to get aggressive either, we've all been swept away once, the important thing is to learn how to identify those cheating moves, the volume usually rats it out.
Exactly. I combine order blocks with visible liquidity and since I do they no longer catch me in those sweeps. It’s a matter of adjusting the focus and being patient.
The funny thing is that many see manipulation where there is only a lack of structure in its operation. Learn to read the context, do not blame the market.