Sunday, January 18, 2015

London open entries

Some examples from this week using the following simple ideas:

- the break and test of a range (see the red lines in the attached charts)
- a failed move in and around London open in one direction means a move in the other (followed by a higher low for a buy or lower high for a sell) has a high chance of success

This method uses 35 and 100 lwma's and higher lows/lower highs, abc's, 123 moves whatever name you prefer. Failed moves in and around London open, clean AB moves in the opposite direction that either test the range or break and retest the range (red lines). The BC retraces are small to set up clean higher lows/lower highs.


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