Quote:
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Originally Posted by raj
Till what time of the day is the daily forecast valid untill?
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there are forecasts: superintraday and intraday,
"superintraday" - is intraday trend which can help you to open the basic position in "intraday forecast" or if you want - you can scalp with "superintraday" forecasts.
So, see again, for example last Friday:
1. You see
(super intraday)
- 6:30 a.m.(GMT) - 7:20 a.m. - buy GBPUSD
- 7:30 a.m - 8:05 a.m. sell
- 8:05 a.m. - 10:50 a.m. buy +++
- 11:00 p.m. - 11:30 p.m. sell
- 13:10 p.m. - 14:00 p.m. sell +++
- 14:20 p.m. buy and then flat market
"+++" - pluses - means without trade-risk.
2. and you see
(intraday)
- Down trend
- sell zone 1.9690-1.9660
- stop 1.9710
- target 1.9580
So what all means?
1 - Down trend today - you waiting, when current price up to 1.9660, because sell zone=1.9690-1.9660, then see at the GBPUSD M5 chart, there you see that from 08:50 a.m. till 13:55 a.m.(GMT) the GBPUSD's price was above 1.9660, then you can see at the (super intraday) and you must find a sell signal and at this time=from 08:50 a.m. till 13:55 a.m.(GMT) and you see "7:30 a.m - 8:05 a.m. sell" but this time without pluses "+++" and you must pick "13:10 p.m. - 14:00 p.m. sell +++" with pluses and open your order, so you must SELL, why SELL, because - Down trend.
- 6:30 a.m.(GMT) - 7:20 a.m. - buy - NO, because our trend is Down.
- 7:30 a.m - 8:05 a.m. sell - NO, because current price below 1.9660
- 8:05 a.m. - 10:50 a.m. buy +++ - NO, because our trend is Down.
- 11:00 p.m. - 11:30 p.m. sell - YES, you can open your order (SELL), above 1.9660
- 13:10 p.m. - 14:00 p.m. sell +++ - YES, you can open your order (SELL) - the best order for SELL, because you see "+++" pluses. above 1.9660
- 14:20 p.m. buy and then flat market - NO, because our trend is Down.
Till what time? - see superintraday time and choose gaps of time which necessary.