Quote:
Originally Posted by rrram2
It is no secret that momentum has a lot to do with it. And momentum is generally higher in the first 144 minutes of every session. Why do You think I say GJ likes to run down every night in the 2-5AM EDT, it just so happens I think that this time coincides with the first 144 minutes of London open when momentum will be the greatest and hence price will generally move more and much faster, and for whatever reason I notice that GJ tends to run dwon during that time because it is the first 144 minutes of london and when london starts trading often GBP runs down, Why? I do not know, but I see it often and sometimes can bank on it.
|
Why 144 minutes (as opposed to, say, 145)? Because it's Fib series? That broaches a much larger topic if so.