3 to 5 hour of the day ?

[oomeysh]

i just want to know in red box what the trader is talking about, as this is his technique he is explaining to enter trades at high potential times,
i understand he is talking about correlation strong/weak currency like that and tf also...
but what is daily high and low, is he talking about daily tf , if he is talking about daily tf then 3 to 5 hour of the daily high and low doesnt make sense to me..
plz let me know if somone know the answer.

thx

 

[hayseed]

i just want to know in red box what the trader is talking about, as this is his technique he is explaining to enter trades at high potential times,
i understand he is talking about correlation strong/weak currency like that and tf also...

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we would be guessing without reading more about barry and his concept.....

a good guess might be he is talking about the daily highs and lows which occur most often during the 9am thru 1pm est/ new york time...... and that's just a guess on the hours they occur.....

to definitively rank the hours of the day the daily high and low occurs on each pair, we would need to code a script in mq5 or 4.....

somewhat similar to ranking the hours of the day by atr......h

 

[oomeysh]

Thx for the input, may be he is taking about volatility times. Like as pic shows on h1tf and full concept is also shown.

 

[hayseed]

Thx for the input, may be he is taking about volatility times. Like as pic shows on h1tf and full concept is also shown.

//-----

could be...... in that case might create 2 charts and overlay them.....

one showing the volatility per hour of the day, overlayed with a chart showing the hours with percentage of the day in which the daily high and low occurred.....

if barry is barry burns of top dog trading, he does have some valid methods of trend trading..... i actually never heard of him before......

assuming the perfect scenario , if he starts buying small lots on the 1 minute as suggested, then as trend improves, adds on the 5 minute, then as the trend improves, adds on the 15, 30, 60 and 240 as he suggests....... it's almost like grid trading......

before you make it to the 60 or 240, there will be many lower time frame countertrends...... a 5 or even 1 minute countertrend can wipe out a lot and shake your resolve......

the weakness in trend trading is the personal strength required...... to hold trades thru a 15 minute countertrend you most likely would need to be made of iron ore rock and have ice water instead of blood......

again, i had never heard of him....... will be studying on what he proposes..... or at least what he proposes without a cost.......

thanks for bringing him up.......h

 

[Faillims43]

The trader is likely referring to the Daily Timeframe (D1) high/low as key levels, then narrowing entries to the first 3-5 hours of the new trading session (e.g., London/NY open) when price retests those levels. This aligns correlation strength with intraday volatility. Confirming with the original source would clarify specifics. Hope this helps!