The 10am EST and 11am EST Bars

[irbica]

Can anyone explain to me why this 10am and 11am Bars almost always follows opposite directions. If 10am goes Long almost always 11am goes short no matter what instrument hou are trading.

 

[Jason Rogers]

Can anyone explain to me why this 10am and 11am Bars almost always follows opposite directions. If 10am goes Long almost always 11am goes short no matter what instrument hou are trading.

Welcome to the forum, Irbica

I'm curious about your observation. Over how many days have you seen this?

Thanks,
Jason

 

[irbica]

Welcome to the forum, Irbica

I'm curious about your observation. Over how many days have you seen this?

Thanks,
Jason

Well, I had been trading that relationship for awhile now but never tried to find out why that happens.

 

[Jason Rogers]

Well, I had been trading that relationship for awhile now but never tried to find out why that happens.

It's interesting that you've been trading this relationship for awhile. What percentage of the time does the pattern hold up for you?

 

[irbica]

I trade tha majors mainly EURUSD, I can say percentage wise it is at least 60%. My reasoning is that London close and day profit taking produce this last hour behaviour but it could well be some other factors.

 

[Jason Rogers]

I never noticed such a correlation. Thanks for sharing your experience!

 

[irbica]

I never noticed such a correlation. Thanks for sharing your experience!

Thank you but looking in all your pervious postings I noticed that you are using a fake name, hiding your true identity. I am sure you are a valuable tool for your employer.