Maybe that is only relevant to how long you intend to hold your position? So, if you intend to open and hold a position for 5 minutes, then you only need to know which way the wind had been blowing for the previous five minutes. So to speak!

It's kind of curious...the war between price and indicators

Okay. Let us assume the only information available to us is one candle. We should note the open, close, high and low values of that candle. If the next candle opens higher than the previous candle's open (and also at least equal to its close) and ...

It's kind of curious...the war between price and indicators

Hey TraderV - good to see you back! Yup, snow this early in the season is pretty unusual for the UK - and naturally the whole country is grinding to a halt! Can't compete with your 30" dump though! Where in the US are you?

It's kind of curious...the war between price and indicators

Hi TraderV Sorry not to come back yesterday - got caught up with snow... No, the open of the current candle has to be above the open of the previous candle for a long and vice versa.

It's kind of curious...the war between price and indicators

Trader V This also has sparked a memory of a thread started by brijon. In a rather flowery fashion he describes a method of determining long or short by using the previous candle's open, high and low. So, for example, if the open of your current ...

It's kind of curious...the war between price and indicators

Yes, I know that thread, but I think he was trading H1 inside bars, long if they above the price at 6am and short if below it. The 6am bit seemed a bit arbitrary to me, and I often use the rollover price as a line in the sand. However, more recently ...

It's kind of curious...the war between price and indicators

So the line in the sand, the hemisphere divider is the open of the hourly candle...? ETA - sorry, I didn't mean my question to sound so simplistic. I was just clarifying my own thinking..

It's kind of curious...the war between price and indicators

Okay, does it then matter if that value differs depending upon where you live? Do you not need a less arbitrary value eg daily rollover or session open?

It's kind of curious...the war between price and indicators

Midnight GMT? Daily rollover - 5pm EST? London Open? Which do you use?

It's kind of curious...the war between price and indicators

Have only recently come over to this thread, so apologies. Kuroro has linked me to one of your posts.

EURUSD

Brilliant! Going to print that out to stop me doing anything stupid after lunch on a Friday! Have a great weekend one and all.

EURUSD

Vantage, thank you for such a full answer, and apologies for not checking you blog first. It is amazing how much information you pick up along the way. I really like using your methodology because I can, with confidence, drill right down to the M1 ...

Higher low, lower high system

Profit-taking aside, why are Fridays so odd?

EURUSD

Vantage Are you self taught or have come from within the business? How long have you been trading?

Higher low, lower high system

Thank you. I am also pretty conservative in my appraoch to risk, hence this morning, didn't feel able to take a trade on EU given the length of the run prior to LO. Have a great weekend!

Higher low, lower high system

Hello Vantage Curious as to how you set your targets? Do you use S & R from higher t/f or are you taking your 20 pips and leaving it? Thanks again for your thread. You have really improved my understanding of price and S & R. Actually, I have ...

Higher low, lower high system

Hi It is the price at 5pm EST.

Cable Update (GBPUSD)

It would be great to see your chart, if you get chance to post it!

EURUSD

Just wanted to say thanks, Magix, for pointing out this thread. Very useful!

Cable Update (GBPUSD)

That's another great piece of advice. Thanks!

EURUSD