Hubba Hubba's Style (5-15 mins)
Posted 23 June 2017 - 09:55 AM
And does it matters if the wick is inder or above the candle in case i want to buy? Or it is the same?
im not good at price action but if wick is more than half of the body, then it means that price has retraced so much
but if wick is above or below that matters
a bull candle with wick on bottom is good signal for long/call but a bull candle with big wick above it, near a SR level is not a good candle to enter long/call
Posted 23 June 2017 - 01:17 PM
Thank man. Got it, perfect. Is there any speficic hours where the market is calm and good to trade? Or i should stay on my screen waiting?
calm markets are usually after 2 to 3 hours after a session opens
like first two hours of us and uk have lot of news mostly and even without news there is huge liquidity
so tokyo and sydney and late uk, us sessions
check the forexfactory sessions box, it has liquidity and you can check when its usually high or low
screenshot-www.forexfactory.com-2017-06-23-23-16-51.png 16.25KB 3 downloads
Posted 24 June 2017 - 03:36 PM
the real key to this strategy is to know the specific hours to trade isn't it?
No, not at all. I simply recommended Asia session due to you requesting advice on calmer seas, so to speak.
There is no golden pathway to success. You will find more liquidity with London session for instance and less with Asia.
You can see massive moves with Asia because of the lack of liquidity and you will experience less opportunities but signals can be stronger.
London session - more liquidity, more opportunities - signals not always as strong.
Hope this makes sense for you.
Amat Victoria Curam
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