Be sure to look at the higher time frames for the level counts....it was in consolidation after a level 1 rise, off the peak low. This is where straight away trades will occur most often...Lara wrote:Hi CJ,
Managed to read the GBP USD moves correctly on Wednesday and made some good trades following Foxy up and down. I was looking for the stop hunts right after the Asian session and they played out as you have often shown on this thread. What I am still battling with, however, is the "straight away" moves after the Asian session. If you look at GBP USD yesterday, there seemed to be no stop-hunt for shorts and there was a 98 pip climb which lasted into the middle of London.
Of course I could have waited and traded the shorts from the middle of London, but my question - are there any clues that Foxy gives for the "straight away" moves?
Thanks again for all your insight.
Lara
Price rose from the low, fell into consolidation and did have a stop hunt....on the 1H it's clearly visible...
On the 15M, they gave subtle clues when during they brought price off the low of the range and held it high...it did not go back to the low once it shifted high. Price left the box high, and volume picked up at the same time....
Don't get locked into one time frame.
CJ
