Notes
- If Smart Money is bearish, it will sell above the Asian session range. If it is bullish, it will buy below the Asian session range.
- Before entering a trade, the basic assumption is that the price respects the daily or four-hour PD array and shows a willingness to move in our expected direction, i.e., we see some kind of reaction.
- Ideally, we want to see a potential for a profit of at least 50 to 60 pips.
- To define sentiment, we use the Williams %R indicator with a period of 10 on a 15-minute chart.
- Using sentiment and a rule-based idea around the Asian session range helps us make better trades. We won’t get these conditions every trading day, but the days we do have the highest probability for day trading.
The Sentiment Effect - When Are Buying Or Selling Probabilities Highest
Buy Conditions - Proper Setup For Long Entries
The Sentiment Effect - EURUSD Long Trade Example
The Sentiment Effect - EURUSD Daily Chart Example
Sell Conditions - Proper Setup For Short Entries
The Sentiment Effect - USDCHF Short Trade Example
The Sentiment Effect - USDCHF Daily Chart Example
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