Typically a consolidation or choppy day after a big range day
Avoid longs atleast in the london session after 3 consecutive updays, there will be a pause or a retracement lower
Extreme whipsaw up and down thats going to mess up london
We think in probabilities, we look for the highest probabilities, not every day is high probability
Multiple high impact or medium impact news
We ideally want 1 high or medium impact news event per day, 1 stage of manipulation and then the expansion going into new york
Wildcard day means it can go either way, it could be clean but there could also be maybe an unexpected event, a black swan event
When a sustained rally or decline happens from 8pm NY, it usually means it setting up for a poor london session. Usually a retracement will happen at new york, if a retracement happens at all.
Use 15m timeframe to see if CBDR and asia are consolidating or not
When banks are holding price in a small consolidation, it means theyre allowing orders to build above and below the high and low thats formed between the asian range open and asian range close. Thats is exactly what we want, we want to see that building of orders. Thats high probability, with a clear manipulation cycle.
If asia is trending, the London is not high probability
We want to be it high probability, so that means we’re not trading everyday.
Intraday is where banks can manipulate and push people out. We know based on the daily and 4h PD arrays and IPDA data ranges where price will likely draw to, so when we know that we know it will manipulate the other way and then distribute their orders at a PD array in london close
We know what we’re looking for, if things are not present then thats not high probability, if you just do something without these conditions and you lose money then you know why.
Dont ignore this lesson
The precision wont be as good when these things are not ideal
We have to have filters, we dont trade every single trading day