Good evening guys…
So as mentioned in the video, currently at a service station, so I thought rather than wait for the Psy ranges, I thought let me get this update over to you.
So take into consideration when trading during the formation of the Psychological ranges.
The Psy ranges forming are like the Dead gap time for the MM where he sets the spread. Expect the market to move aggressively during this time but wait until the first high and low are formed…This will be around 6AM gmt sunday…
Once that is complete…Then you are waiting for the first break of the psy range, whether its above or below…Now be mindful once either the high or low is broken, the faster they move from it, the more inclined i am to believe it is a stop run to aim for a reverse…
So lets put it into perspective: They break the psy high first, you are looking for a green vector to break above it, ideally you want the 50 ema on the 5 minute time frame to be edging upwards…If its flat, then there is a high possibility its a stop run.
This is the way we need to approach the chart when we are looking for a pending opportunity.
P.s As of writing, there are football supporters that are currently having a fight with the opposing supporters in the car park…..Im sat here enjoying the scene….
What a day…
I will be updating you on the Forex and Indices tomorrow night.
Mad Love
T
