Please see hourly example chart of Basic Market Maker 24 Hour Cycle: EurChf (1 Hour Chart)*Learn this 24 hour cycle if you scalp or day trade.
1) Tokyo- consultation
2) London- expand the range
3) New York- trend of day
*then price action repeats same cycle over and over..just there are different varieties of this cycle- so retailers need to be aware of these changes, on higher time frames of 4 hour, daily, weekly and monthly.
On attached one hour chart: You had three chances to sell EurChf during to days Marker Maker cycle, with proper risk management and stop loss.
In a downtrend, sell on a previous buy candle (green or blue on chart)- let price action comes to your trade, never chase a trade.
1) Tokyo- consultation
2) London- expand the range
3) New York- trend of day
*then price action repeats same cycle over and over..just there are different varieties of this cycle- so retailers need to be aware of these changes, on higher time frames of 4 hour, daily, weekly and monthly.
On attached one hour chart: You had three chances to sell EurChf during to days Marker Maker cycle, with proper risk management and stop loss.
In a downtrend, sell on a previous buy candle (green or blue on chart)- let price action comes to your trade, never chase a trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.