Data wins over gut feeling - an important lesson :-)
Just an example of how the Forex On Toast Sessions and ATRPlus indicators would have performed today on the big trade of the day.
The reversal did not happen as early as perdicted, but the movement, correction and finally the reversal, were all linked to session times. Ideally using session times alone is not a good strategy, but they are significant and I am surprised so many intraday guys ignore them (possibly because they are a pain to calculate but now we have an indicator :-) ).
Watch for a reversal at the start of London or more likely at teh End of Tokyo session.
Reversal start of London or End of Tokyo
Another example of how significant Session start/end times can be.
USDCAD bounced off the low and good for 20 point rise I think.
Stalledat 2 day high, could return to the range, close of Tokyo could come into play though.
The AOS ATRplus indicator was designed for Intraday charts, but it can be used on longer periods. Looking at GBPUSD with a 1 day chart the AOS ATRplus shows a curious trend. Could GBPUSD be about to drop a little ?
Hopefully by the time I type this the trade is not missed (intraday needs quick action). AOS software giving a good indication price will fall lower.
Another example of end of session being significant. Also a reminder that New York DST changed.
The AOS ATRplus indicator is plotted on the same scale as the price making it easy to see strength/weakness and gives a good indication of times to enter/exit trades when the price significantly crosses the ATR line.