F, this is where I get confused:
Here you say "End of another TW" and previously "My main six - ie 51 - 00 - 09 - 21 -30 -39 - you might have to allow a minute either side etc - all depends on volatility and action in market etc
Also do see 14 -16 mins past and 44- 46 min too occasionally but the hour 3 should still be the main times - most of the time"
From the first line, I understand that one should look for a move around, say, 10.21 and let it run till 10.30 or 10.39 and close it there. From the second line, I understand that one should be on the lookout for a move at 10.21, 10.30, but also at 10.39 going to 10.51 (or 10.45).
So I suppose my doubt is really about the 10.39 time point. Would you enter a position there or would you simply close any position if you were in at that time, waiting for the next TW?
Sorry for being
Back now - and I think MM as maybe answered it
It all depends on what happens over a time window
Normally you expect when you come out of a TW - for example - at 09 past or after 39 mins past for the new move to carry on
For some tw's the move before the start of it carries on past the end
So for example lets say price is rising after the hour change and still rising after 09 past
I would expect then price to rise and carry on and would look to exit between 2 mins past and the half hr
If price keep going past both 21 min past and 30 mins past - it could stop prior to 39 mins past and start a new move in opposite direction
Its the PA and also the LRs ( My quick scalping ones) that tell me - do i revert to a scalp sell etc - or stay with buy
It is complex - we need to have time and time windows and Lrs and PA and price structure all saying higher to stay with trade
If it was simple and we only needed say one or two clues - instead of 4 or more clues - ie new Highs - breach of a R etc etc then maybe 60% of all traders would make money
The fact that maybe only 10 -20% of retail traders can make money on going - proves that its just not simple and the market is so complex very simple ways are not the answer
So for me - I want as many clues as possible giving me as higher probability as possible for me to stay with a scalp trade.
Trouble is the market as ways to catch traders like me out - by having BTTZ areas - that make it difficult to work out - its done deliberate to confuse and catch out etc etc
The EU this morning was a buy from after midnight - but the market as done ist best to get bulls out of their trades after 8 00 am by dropping price 30 pips and then going back up
I think most swing traders would have either needed large stops - or would have exited for small wins ( pips) and then not wanted to enter again
Every tip I give - like time windows - Lrs and levels and even 30 min breaches are all clues I have gathered over last 7 years or so from scalping
They will never work 100% of the time - but as you get to know them more and understand the market - you can see that I am happy as long as I am correct 65% to 85% of the time - a win ratio range I have achieved on over 12k live trades
With good MM etc - that means I make money - and thats really all we are all after
Hope that helps
Regards
F
