Asian session trading with TIME
Today June 06 -21, we have a busy morning. It's a good session though, and I'm using predictive TIMES.
So, for me I just wait until the opening bell at 8:30. I live in Latin America, so my time clock has 1 hour of difference.
If you have the software already, my setup for my predictive time signal software (TachEON Warp) is as follows:
• Swing: 10
• Origination Mode: Trading Days
• Source Days: 1-2-3-4
• Volatility Stop Offset ATR: 1,2
I excute my positions in 1 minute chart and watch the 3 min chart as the Anchor chart. I also use this chart to filter “the noise”, when I see to much signals closer in the 1 minute chart.
The price in the Asian session has its explosion move, so for my morning New York session the price is in range. Buyers are taking profits and reloading again, that’s my mindset for today.
The first possible entry was the puncture technique (“Puncture1”), but its to early for me. The second possible entry was the “puncture2” but I let I go. So, at 8:53 i open the trade with 4 contracts, the stop loss is 1 tick under the price line of the 8:53 signal, and I hold it.
I must confess that I was nervous with the pullback, but my 1,2 ATR stop offset setup gave me the required “room” to let the trade breathe.
I cover my first 2 contracts with 23,75 ticks. At that point I move my stop loss to breakeven point, and the pullback take out my position.
The opening bell starts at 8:30, I let the price run, the movement is violent like always and i am aware of the 8:33 signal in the 3 min chart, so my initial bias can be correct. I left a buy limit order near the 120 EMA but the price in the pullback does not reach the order, so I let the price go.
I am over the 120 EMA. Where do I have the next bullish time signal?, at 8:53, so I have to wait until that time.
My daily profit target was achieved. $510 usd.
Juan Fernando Vega