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Karl Dittmann again...: 10 pips while I sleep


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Anyone knows what´s the exact time to check the candle?.

Please tell me how many hours before London opens (to be exact). I don´t understand very well: x time with GMT-5 candle. Candle -1 hour - 1 minute before London opens?

Thanks

 

You have to check the hourly candle closing at 07:00 AM GMT.

Edited by arthursyd
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Anyone knows what´s the exact time to check the candle?. Please tell me how many hours before London opens (to be exact). I don´t understand very well: x time with GMT-5 candle. Candle -1 hour - 1 minute before London opens? Thanks

 

Tronss, don't panic! It is just a breakout system. You can take any time range before London opens. Exact is not necessary. We expect that there will be a big move when Lonodon Opens at say 0800 GMT, we also know that there is likely to be a move at 0700 GMT when Frankfurt opens.

 

Just select a time for yourself, 0500-0600 GMT for instance. This will give you a small range. Smaller the range more likely a larger breakout!!

 

Enter buy stop/sell stop.

 

It is the concept that is important not the exact times. See my threads on London Breakout and Assian Run. They are all about breakouts. You could also look at NY open for a move and there is now a bit of excitement over the London afternoon breakout.

 

Hope that this helps you.

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