Reply To: Practical Exercise 2
Hi Stephen,
Your analysis all looks good. Yes, please use 60min chart to set the MOR and then refer to the daily chart to establish control. Don’t worry about seeing 4hr charts. Other traders may already be in the habit of following them, which is fine, but it’s still the daily time frame that sets control.
Just a quick one on your MOR prices… all look in line apart from the EURUSD low. I’d expect something in the region of 1.08913 (give or take a pip). It came on the 10am bar, would you mind checking your chart just to make sure we’ve got you looking at the right window of time?