Re: Does anyone else see manipulation on H4 candles before London?
I do algorithmic trading and those candles ruined my models. I had to include filters to avoid entrances in those hours. It’s pure noise.
Re: Does anyone else see manipulation on H4 candles before London?
Maybe, but you could also program your bot to operate only those fuses if you identify a pattern. You don’t always have to avoid noise, sometimes you can use it.
Re: Does anyone else see manipulation on H4 candles before London?
Some complain, others study it and monetize it. There’s the difference between frustrated trader and professional trader.
Re: Does anyone else see manipulation on H4 candles before London?
We're not all at your level of enlightenment, some of us are here to learn, not to receive sermons.
Re: Does anyone else see manipulation on H4 candles before London?
I'm sorry, but the market doesn't forgive the slow ones, either you adapt or they get you out of the game, that's how this works.
Re: Does anyone else see manipulation on H4 candles before London?
I use pre-London H4 candles as a reference to mark a range. If the price breaks the range with volume, I go in direction of breaking.
Re: Does anyone else see manipulation on H4 candles before London?
That sounds great, but how do you define that there's enough volume in Forex? There's no centralized volume.
Re: Does anyone else see manipulation on H4 candles before London?
You use tick volume or simulated volume with tools like VolFix, ATAS or even the volume of your broker if you have a decent one.
Re: Does anyone else see manipulation on H4 candles before London?
There is no scientific evidence that the volume of tick represents anything useful.
Re: Does anyone else see manipulation on H4 candles before London?
If used along with the candle context and price action, you can give important clues. It just doesn’t help, like any tool.