First of all let me tell you that all my observations have strictly been done during Forex trading.
I think I have observed the following:
Whenver there is a new (still untested) MOB, the price will sooner or later test it out. On some charts it looks like the price is moving from one MOB to the next. I am almost inclined to call them "price magnets".
It would be such a wonderful trading: Look for the next, untested MOB and enter a trade and just wait until the price has reached it. Most of my observations have been done using 60 minute charts. Has someone observed this price behaviour also, or is it more my wishful thinking, since it would be a wonderful way of trading? Just go long or short (depending where the next MOB is and wait for the price to eventually reach it and close the trade.
I think I have observed the following:
Whenver there is a new (still untested) MOB, the price will sooner or later test it out. On some charts it looks like the price is moving from one MOB to the next. I am almost inclined to call them "price magnets".
It would be such a wonderful trading: Look for the next, untested MOB and enter a trade and just wait until the price has reached it. Most of my observations have been done using 60 minute charts. Has someone observed this price behaviour also, or is it more my wishful thinking, since it would be a wonderful way of trading? Just go long or short (depending where the next MOB is and wait for the price to eventually reach it and close the trade.
Comment