[Modded] London Breakout pt II
*This is not a signal. Trade at your own risk.*
Here's an update on the setup. Same basic S/R rules, ignore the wicks, 1HR chart. H/L S/R is determined at the first hourly reversal. Median line is used in conjunction with indicators to determine probability of direction.
Blue arrow: Daily open at 1700 (Ignore the 1600 processing hour)
Yellow arrow: Breakout (Looking for closing prices either above or below the S/R within the first 8 hours.)
Green check/ Red X: Daily close at 1500 win/loss.
See for yourself. Leave your comments.
GBPUSD
Here's an update on the setup. Same basic S/R rules, ignore the wicks, 1HR chart. H/L S/R is determined at the first hourly reversal. Median line is used in conjunction with indicators to determine probability of direction.
Blue arrow: Daily open at 1700 (Ignore the 1600 processing hour)
Yellow arrow: Breakout (Looking for closing prices either above or below the S/R within the first 8 hours.)
Green check/ Red X: Daily close at 1500 win/loss.
See for yourself. Leave your comments.
GBPUSD
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