Avoid weak counter trend candles London/US open

Having identified that from 5 July it was sells only its worthwhile pointing out again that we look to avoid getting sucked into weak counter trend (CT) moves in and around London open (LO) and pre/early US open.

This GU 1hr (arrows up) shows some of these CT moves.

The EUR 1hr chart shows clearly how badly the CT trades would have been, possibly worse waiting for stops to get hit might have distracted from the trend trades. We have had a total ban on EUR counter trend trades for some time.