Re: Does anyone else see manipulation on H4 candles before London?
For a few weeks I've been observing that the H4 candles just before the opening of London (type 6-8am UTC)
Re: Does anyone else see manipulation on H4 candles before London?
Yeah, I noticed it too, it looks like they're sweeping stops just before the strong session, then the price stabilizes and the real trend starts, very suspicious.
Re: Does anyone else see manipulation on H4 candles before London?
It's not manipulation, it's liquidity getting ready for the market.
Re: Does anyone else see manipulation on H4 candles before London?
That which you describe is typical behavior of what some call liquidity sweet. Market makers seek to clear orders before releasing the movement. I use it in favor.
Re: Does anyone else see manipulation on H4 candles before London?
And not only on H4. In M15 and M30 you also see those sweeps before London opens with force. I frame those candles and use them as fake-out zones.
Re: Does anyone else see manipulation on H4 candles before London?
It just doesn't take into account the transition between sessions. Asia closes, London prepares, and all that generates erratic movements. It's normal.
Re: Does anyone else see manipulation on H4 candles before London?
Yes, but when that normal behavior appears 8 out of 10 days, it's no longer a coincidence, or you don't know what institutional front running is.
Re: Does anyone else see manipulation on H4 candles before London?
I see it as an opportunity: if you know that it is manipulation, take advantage of it. It will work the opposite of the first wick and I went out with 15-20 pips. Easy.
Re: Does anyone else see manipulation on H4 candles before London?
That sounds nice in theory, but in practice they eat you alive if you don't have SL well put. It's not that easy to operate against those movements.
Re: Does anyone else see manipulation on H4 candles before London?
I programmed a script to mark all H4 candles from 4am to 8am UTC and there's a very high correlation between those fuses and intraday reversal zones. I mean, you're not crazy.