THE ASIAN DERIVERTIVE (for intraday traders)
Price is unfolding beautifully as expected from our previous BIG BOY analysis
Today we explain the Asian derivertive, so buckle up and walk w/ me
From the chat
Asian time; Starts w/ a slight drop before price races up aggressively finding an intraday resistance before a drop below the trade day low finding a support and then corrects back up towards the resistance.
London-Newyork time; London starts w/ a slight price drop during the first hour then price races up to consolidate at the top after hiting the intraday resistance and currently price is dropping vigorously beyond the initial drop in the Asian time. Now what do we expect as New york opens? Only w/ big moves compared to the Asian time, Prepare to buy the low or find a nice entry downwards towards the support.
Engage me in the comment section for more discussion.
Remember ,
Follow the BIG BOY
Risk Management is king.
Cheers.
Today we explain the Asian derivertive, so buckle up and walk w/ me
From the chat
Asian time; Starts w/ a slight drop before price races up aggressively finding an intraday resistance before a drop below the trade day low finding a support and then corrects back up towards the resistance.
London-Newyork time; London starts w/ a slight price drop during the first hour then price races up to consolidate at the top after hiting the intraday resistance and currently price is dropping vigorously beyond the initial drop in the Asian time. Now what do we expect as New york opens? Only w/ big moves compared to the Asian time, Prepare to buy the low or find a nice entry downwards towards the support.
Engage me in the comment section for more discussion.
Remember ,
Follow the BIG BOY
Risk Management is king.
Cheers.
כתב ויתור
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