Hello Traders!
Here is a great example of AMD.
AMD stands for Accumulation, Manipulation and DIstribution.
Asian Session is know to hold price within a consolidation.
Smart money is building up sentiment psychologically on retail traders.
Retail traders are waiting for the break out of the holding pattern.
However, this is where smart money manipulates the price action.
During London Open the market is going to form the low of the day because the daily draw was bullish.
Price is now killing those retail traders who sold as smart money pumps price towards the buy side liquidity above the Asian High.
European Open is used just as Midnight Opening Price. If we are bullish we are looking for an entry long below that opening price. Anything below European Open is a consider discounted prices for the algorithm. Anything above that line is considered premium prices for the algorithm.
During the New York Session we see price accelerate and create an optum trade entry long.
You are waiting for the retracement to occur after 8:30 GME Open.
Anything from 10-20 pips sweep under a short term low is a good entry long(vice versa when bearish).
Here I displayed the Asian Range Standard Deviations as projections for the protractionary state (fake move) of the daily candle and the range it could expand are reach for as well.
Here price made its fake move -1 SD and made its daily expansion +4 SD.
The London Close Session 10:00 am - 12:00 pm NY EST is normally where the high of the day is going to form when bullish(vice versa when bearish) and give a potential counter daily trend setup.
After 12:00 pm NY EST Intraday trading should come to a stop still the start of Asian Open or London Open. Price tends to be held in small range cycle between 12:00 pm - 8:00 pm NY EST.
Smart money has took profit by 12:00 pm - 3:00 pm.
3:00 pm is when the bond markets closed which have a direct correlation to foreign currencies.
Here is a great example of AMD.
AMD stands for Accumulation, Manipulation and DIstribution.
Asian Session is know to hold price within a consolidation.
Smart money is building up sentiment psychologically on retail traders.
Retail traders are waiting for the break out of the holding pattern.
However, this is where smart money manipulates the price action.
During London Open the market is going to form the low of the day because the daily draw was bullish.
Price is now killing those retail traders who sold as smart money pumps price towards the buy side liquidity above the Asian High.
European Open is used just as Midnight Opening Price. If we are bullish we are looking for an entry long below that opening price. Anything below European Open is a consider discounted prices for the algorithm. Anything above that line is considered premium prices for the algorithm.
During the New York Session we see price accelerate and create an optum trade entry long.
You are waiting for the retracement to occur after 8:30 GME Open.
Anything from 10-20 pips sweep under a short term low is a good entry long(vice versa when bearish).
Here I displayed the Asian Range Standard Deviations as projections for the protractionary state (fake move) of the daily candle and the range it could expand are reach for as well.
Here price made its fake move -1 SD and made its daily expansion +4 SD.
The London Close Session 10:00 am - 12:00 pm NY EST is normally where the high of the day is going to form when bullish(vice versa when bearish) and give a potential counter daily trend setup.
After 12:00 pm NY EST Intraday trading should come to a stop still the start of Asian Open or London Open. Price tends to be held in small range cycle between 12:00 pm - 8:00 pm NY EST.
Smart money has took profit by 12:00 pm - 3:00 pm.
3:00 pm is when the bond markets closed which have a direct correlation to foreign currencies.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.