How an edge forms
A short account of one trader finding their own read of a market by watching it every day.
The case for screen time is easier to see in one account of it.
This is where the method taught in this course came from.
One pair, watched every day
One trader picked a single currency pair and watched it at the same time each day, for months.
No indicators, no signal group, no course running in the background. One market, one hour of the day, repeatedly.
One market watched closely beats ten watched loosely.
The same behaviour kept repeating
The hour being watched was the London open, meaning the start of European trading.
Around that time, price would push above the high of the quiet period before it, fail to hold there, and turn back down. Then it happened again on another day. Then again.
Repetition is what makes a behaviour visible.
Traded before it had a name
Once the pattern was familiar enough to expect, it got traded. Sell the failed push, at the same time of day, on the same pair.
The trader had no term for it. There was no video explaining it. It was simply the thing that kept happening on a chart they had watched for months.
The chart came first, the explanation came later.
The name changed nothing
The behaviour turned out to be well known and already named by other traders.
Learning the name added nothing that the hours had not already given. It was a label for something already understood.
A term you were handed is worth less than a behaviour you saw.
Key terms
- London open
the start of European trading.