Forex Zone - Forex Forum

trading with open line M30 in Trading Systems_699fadb3a6d85

trading with open line M30

Discussion started on Trading Systems

  • Hero Member
  • Posts: 5458
  • Points: 1753
  • Likes Received: 562
  • Reputation: +22/-18
The 30 minute open candlestick technique is a technique that uses signs from the M30 open timeframe as a line pivot line, this strategy is unique because we only mark the open of each M30, then where the position is open, the open position is when the M30 price is then running by looking at a smaller timeframe, if for example M5 goes to the previous open M30 then we will open a position



Linkback: https://www.forex.zone/trading-systems/10/trading-with-open-line-m30/3427/
#1 - July 03, 2021, 12:35:40 AM
Attachments:
« Last Edit: July 28, 2024, 09:17:02 PM by Admin »

  • Sr. Member
  • Posts: 365
  • Points: 624
  • Likes Received: 2
  • Reputation: +0/-0
does that mean we need to rely on the M30 open position against the pivot?
#2 - August 07, 2021, 01:56:42 AM

  • Sr. Member
  • Posts: 365
  • Points: 624
  • Likes Received: 2
  • Reputation: +0/-0
is my area marking correct?


#3 - August 11, 2021, 01:56:21 AM
Attachments:

VIP
  • Hero Member
  • Posts: 21876
  • Points: 2379
  • Likes Received: 1184
  • Reputation: +4/-0
Using the M30 open as a pivot line provides a clear picture of where the market will begin the next M30 phase. The open candle is often a significant psychological point, especially for intraday traders who are concerned about whether the price will remain above or below that level.
#4 - December 02, 2025, 09:17:07 PM

Members:

0 Members and 1 Guest are viewing this topic.



Fastmail Private Email