I live in Europe, so I wake up few hours before London open. It used to be best and most volatile trading session, EU and GU used to move 120+ pips every day, GJ 300-400... But things have changed. Years ago, I still havenīt got used.
Old technical market structure donīt work like it did. LH, LL, HL, HH + supply-demand. Now itīs a f...ng ranging carousel mostly. 100 pips up, then drop 120, 80 up, drop 60.
And of course - "must love" those talking heads who mention brexit, grexit, "maybe we hike rates" (next day "we probably wonīt hike rates") + Trump and his tweets.
Lunatics run the markets now.
M1 and M5 charts used to look like that ... itīs H1 now. On several pairs, usual pairs, not some cockoo exotic.
Thanks for reading!
/I feel better now/
Old technical market structure donīt work like it did. LH, LL, HL, HH + supply-demand. Now itīs a f...ng ranging carousel mostly. 100 pips up, then drop 120, 80 up, drop 60.
And of course - "must love" those talking heads who mention brexit, grexit, "maybe we hike rates" (next day "we probably wonīt hike rates") + Trump and his tweets.
Lunatics run the markets now.
M1 and M5 charts used to look like that ... itīs H1 now. On several pairs, usual pairs, not some cockoo exotic.
Thanks for reading!
/I feel better now/
Please add more indicators, I still see the real price! Thanks!