Hi Mo. I just tried back testing this on last weeks £/$ and as far as I could see there was only one valid trade all week and it stopped out. Am I wrong?
There is a lot of psychology tied to market open, defining most weeks unless of course major news or movement gets it out of that zone straight away. If you go back on tradingview you will see price interact with this Psychology zone a lot
I think it depends on where you're from, like you can adjust the timezone in tradingview. Mine is GMT+7 so market open on 4am monday, which Sunday elsewhere. I think just mark out the first 2 candles of 4h timeframe when the market open for the week.
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Only check 2 candle 4 hours on monday or I must check everyday at in the morning?
What trading instrument(s) did you test this on? You assume it should work on every trading instrument/ticker symbol?
There's is no Sunday candle on tradingview.
Hi Mo. I just tried back testing this on last weeks £/$ and as far as I could see there was only one valid trade all week and it stopped out. Am I wrong?
i also backtested, there were several possible and profitable trades on this pair last week
@@markusmuller1525 can you share entry points so I can check my set up?
What is the logic behind this strategy. Why do you think it would work
There is a lot of psychology tied to market open, defining most weeks unless of course major news or movement gets it out of that zone straight away. If you go back on tradingview you will see price interact with this Psychology zone a lot
hey mo, a candle o sunday?? where? i've checked all month with gbpusd and nothing
I think it depends on where you're from, like you can adjust the timezone in tradingview. Mine is GMT+7 so market open on 4am monday, which Sunday elsewhere. I think just mark out the first 2 candles of 4h timeframe when the market open for the week.
Does this apply for every single Monday open ? Cheers
Yes sir 🙏🏻
@@tradesbymo ideal thanks
awesome
100 trades in 60 days ?
Yes sir