Trading Target Candles, page-108

  1. 107 Posts.
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    Hi Rick
    Just reading through your last couple of posts regarding using the ADR of a pair has got me thinking. At the moment just before the London session opens I start flicking through the 15M,30M and 1H charts of all 25 pairs (less the 3 Asian pairs AUDNZD, AUDJPY, NZDJPY as their session is closed) looking for support/resistance areas trendlines etc looking for naked candle setups. Things start getting a bit confusing and potential trades get missed ( for me anyway!) So this morning I've had a quick look at the ADR(20) of the 25 pairs:
    lowest is 49 Pips : NZDCHF and AUDCHF
    highest is 223 Pips : GBPNZD
    number of pairs > 100 Pips : 8 GBPUSD EURAUD GBPCHF EURNZD GBPAUD GBPCAD GBPNZD GBPJPY
    Tonight I'm going to focus on these 8 pairs as I'm more likely to get a 30-40 pip move from one of these as opposed to the NZDCHF for example.
    Sorry if this seems obvious to everyone!
    Cheers

 
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