A more technical question: what SL and TP do you suggest for those post-handling entries? Do you have a fixed ratio or do you handle it dynamically according to the PA?
A more technical question: what SL and TP do you suggest for those post-handling entries? Do you have a fixed ratio or do you handle it dynamically according to the PA?
I confirm what you're saying. I've been working with those areas alone for three months and they're pure gold.
You can also validate those wicks with Delta on platforms like Sierra Chart if you do trading in futures. Behavior repeats itself, and there you do have real volume.
Interesting about using tick volume as proxy. Did you try using it along with order flow tools? Maybe there you gain even more precision.
Wouldn’t it be better to operate only after London, when everything is clearer? Sometimes it feels like trying to read those candles is more lottery than technique.
Thank you for this approach. I have been operating pointless for years in those hours and now everything starts to be logical.
Someone else should take a course with this info. There are very expensive courses that don’t give half of what you just explained.
Don't take this the wrong way, but I think you're over-analyzing something that can be just noise.
I've been keeping a diary since January and I'll confirm: those wicks usually mark the high or low of the day. If you learn to read them, you gain accurate entries with minimal risk.
If the H4 sails before London are traps, wouldn't it be better to operate on M1 just after the fuse and with super tight SL? I read that some scalpers do so and they do well.
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