sqa said:Nice trades. :thumbsup:
The boxes are multiple Standard Deviations. 2.5 STD is something of a key point. Once it breaks that, the pair is normally off and running for the day.
sqa said:I need more study of it, but at the moment it works a bit like this:
- "Big" Dealer's Range, relative to recent ADR = Z-Day (both Sides of the Range will be broken)
- "Very small" Dealer's Range, in general (5-7 pips) = Bigger Trend day on tap. (You saw this in the Euro today)
- 3 CDR move pre-London Open -> ICT said to expect a hard reversal in London if this happens, but it might be more for the European pairs. (I haven't seen any examples of this yet, so I really don't know what to point at for this one)
- Expect both the High & Low of the CDR to be touched during the day. It's pretty much an assurance.