Trading off Holiday Session Structure – 3

Narrow-range half-day holiday sessions provide great structure from which we can trade. We discussed this idea previously. You might recall this social media example from June. Zooming into the 30 minute chart from that prior (June) example, we see how the narrow-range session provides both directional preference and setup locations. I’m not a fan of…

Trading after Structure has Formed – 4

(1) Recognition of potential for unfavourable conditions The following post was shared by social media pre-session on Monday:   Expanding a little on that image: And adding further to this potential for unfavourable conditions: In the absence of unexpected news that provides a clear directional bias, I don’t imagine many longer-term traders keen to take…

When it Does Break Lower it can go Hard and Fast

I just want to share a quick followup to a comment made a fortnight ago, in the article: When Price Stretches to Reach the Level.   So let’s see the outcome. Note the first leg down with two overnight gaps. Interestingly, the second gap has still not completely filled. And note the second leg providing…