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D-cbdr

NZD/USD CBDR Example With WicksHello Traders! Here I am waiting for the Central Bank Dealers Range to finish forming at 8 pm N.Y EST. I can see that if i use the bodies of the candles for the range it will be short of the minimum 20 pips required. However, if I use the lowest wick and highest wick I can achieve the 20 pip minimum. Now do understand everyones brokers spread is different and our highs and lows will all look different. This is going to help aid me to find the high or low of the day. I believe NU has more ways lower, so I want to see price give a protraction (fake move) to trap retail traders on the wrong side of the market. Also would like to see a tight range for the Asian range. It will make trading London more high probability. Overall would like to see NU go long via HTF.
by ForensicForex
4
CBDR Example and specifics Hello Traders! Here in this video I speak on the concept of the Central Banks Dealers Range Aka CBDR. CBDR is mainly used to help in aiding finding the High of the day or Low of the day. You can not use the CBDR everyday! Understand that CBDR needs to be a certain amount of pips in order for it to be useful. CBDR by itself is not enough for you to be successful. As you can see I speak on other ideas such as Trading Sessions, M.O.P, Premiums and Discounts.
Education
by ForensicForex
6
EUR/USD CBDRHere we have the Central Banks Dealers Range. The central banks are institutions in charge of price. The central banks' price range occurs from 2pm-8pm Within that specific time, you find the lowest low and highest high. (I use the bodies and not the wicks) If the range is less than 40 pips it will give you a better understanding of where the banks will most likely price the London high or London low. This range needs to be used in conjunction with DAILY BIAS. Using Standard deviations up to 4 (above and below) will give you a range to work with. In this example, the pip range of the CBDR was 10 so 2 S.D is 20 pips. Likewise, 3 S.D would be 30 pips. Typically most sell days will create a high of the day from the dealers' range up to three standard deviations. Typically it’s 1 or 2 Standard deviations. Vice versa can be said when bullish . Low created 3 Standard deviations below the Central bank dealers range. Typically it’s 1or 2 Standard deviations. High impact news will cause larger standard deviations to be reached. As you can see the high of the day formed above M.O.P and in the London Kill zone. The CBDR is helpful with finding the LOD or HOD selection. Using the CBDR is more accurate Tuesday - Thursday. That is were we see most of the volume of the week. This does not mean it could not occur on Monday
Education
by ForensicForex
4