viennatrader
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RESULTS.
“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame (with the obvious limitations explained above)
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden
Thanks for this example!
It shows clearly what I tried to communicate in my earlier post.
If someone looks at the twelve 5-min bars within 17:00 and 18:00 it gets pretty obvious that the end/beginning of the hour is interesting and has to be watched.
One GreenRat LONG followed by a RedRat SHORT good for at least 10 pips within 10mins each.
If I could just DO what I SEE all the time