Friday, June 5, 2015

LOD / HOD

This week LOD/HOD trend Monday - LOD - HOD Tuesday - LOD - HOD Wednesday - LOD - HOD Thursday - HOD - LOD Friday - LOD - ? The thursday's trend is either due to the NFP impact by friday therefore the trend are different, or it is indeed vary from time to time. But after a thorough understanding, the trend based are focused mainly towards the end goal, building the momentum and the range / pips. The NFP trend is possibly start after the news itself at 8.30PM, though the hint are already shown during the 1hr timeframe 3-4pm. The LOD / HOD trend started as early by 3pm 1hr candle with the previous candle 1 hour of 1pm and 2pm showing the same trend. The HOD / LOD trend will be decided after the 1st completion by 6pm, with the consolidation process finish by 7pm.

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