I see the daily open price as the focal point It's what we call a line in the sand

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Or to put it another way .............. image

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image

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image

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Looks familiar to something I saw on Forex Factory many years ago. I'll try and remember what it was.

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image

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image Oliver Velez at its finest

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# But I don't see black line sir. It's the 200 MA that he's now changed to red and green.

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image

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You need to be quick with 1 pip blocks but nice divergence trade (highlighted in yellow) shortly after LO on GBPUSD. This is Kraneos template. image

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And if you combine it with OV's 20 and/or 200 SMA's then you have a nice safe conservative system to play with.

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Cpfl - I don't have it and never used it in the past but I know there is an indicator called period converter which should give you your 8 hour chart.

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Sounds interesting. I'll have to look into that.

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There's an old adage in trading - "wicks don't lie". You might wanna google that cos you'll probably find some interesting stuff.

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I was just going to post something similar. There are ways to use things to your advantage but you cannot read Heiken Ashi candles OHLC exactly the same as a normal candle and a Smoothed Heiken Ashi Candle even more so.

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I don’t actually trade to REACH the very targets pip-perfect Close enough is good enough.

Flying Dutchman

It's in the paperclip along with everything else.

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Your risk is just about the only thing you have control over.

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Just to say if you understand Smart Money Concept stuff then you will know that the Order Bloc indi shown here marks the wrong candle.

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I am somewhat familiar with Hurst work but a lot of it is above my pay grade. There is a thread here on FF run by a guy known as parisboy who has done a whole lot of stuff on FLD which you may find interesting.

(binned per thread starter’s request) Binned