Never seen it mentioned in The Other Galaxy - an example of creative correlation!

Highest Open / Lowest Open Trade

In our case - in This Galaxy ​ - It's the 'Area of Interest' but when price moves into and back out of the zone quickly, not forming a new candle, leaving a wick only. image

Highest Open / Lowest Open Trade

AUDJPY Ditto... image

Highest Open / Lowest Open Trade

AUDCHF Might be good today for an unloved pair... image

Highest Open / Lowest Open Trade

USDJPY Off on a wander South... image

Highest Open / Lowest Open Trade

AUDCAD Viewed on the H1... image

Highest Open / Lowest Open Trade

AUDCAD A great move from earlier - that top edge has got to have some more for us later, surely? image

Highest Open / Lowest Open Trade

EURJPY A couple of good ones from earlier - any left? image

Highest Open / Lowest Open Trade

GBPJPY Maybe best of all? image

Highest Open / Lowest Open Trade

AUDUSD It's cousin, ditto... image

Highest Open / Lowest Open Trade

GBPAUD Even better, potentially... image

Highest Open / Lowest Open Trade

USDCHF Also this... image

Highest Open / Lowest Open Trade

GBPCAD This looks more promising for today... image

Highest Open / Lowest Open Trade

GBPCHF Maybe something coming... image

Highest Open / Lowest Open Trade

GBPUSD Yup...maybe coming good, if not now, then later... image

Highest Open / Lowest Open Trade

There are more Range Traders than Breakout Traders - breakouts bring uncertainty, institutions don't like uncertainty, don't like trading range breakouts. They prefer to trade into the reverse ie, set sell orders to follow the price up out of a ...

Highest Open / Lowest Open Trade

Yes and Yes - but a breakout in the opposite direction to the original trend. They obviously have trend-strength confirmation for Follow-Cap trades - I showed an established trend for ease of example - but believe it or not they are quite happy to ...

Highest Open / Lowest Open Trade

Lol - used to be called ''Dipping''.

Highest Open / Lowest Open Trade

Yes Makes things so much easier but you'd be amazed how many don't think of it.

Highest Open / Lowest Open Trade

The second High TF method I discussed is The Follow Cap. These are kind of awkward to describe without doing it live but I'll try it. Here, the lead up to the Brexit vote, just for a laugh... image So here, after candle 'A' closes, a line is drawn ...

Highest Open / Lowest Open Trade