Here’s how you can use @edgeful to maximise your trading edge!
Looking at the report for the opening candle continuation, historically, we can see that when the 1 hr opening candle was a RED candle, in over 90% of cases, the NQ closed RED.
Looking at the report for the opening candle continuation, historically, we can see that when the 1 hr opening candle was a RED candle, in over 90% of cases, the NQ closed RED.
In other words, if the 1 hr candle from 9.30AM to 10.30AM, was RED, given during the past month the NQ closed red for the day, it is extremely likely NQ will finish RED (from the session’s open to the session’s close).
Now, this data is specific to the New York session for NQ. This is the data for the past 1 month on NQ during the New York session. 
Regarding timing your entry, look at the data below.
Over the past 6 months, the 5m chart on NQ has shown an average of 5-6 consecutive green candles, as well as around 5 consecutive red candles. To use this information, say the first 1hr candle on NQ was RED. So now we have our bias.
We are thinking NQ would most likely close red. Then to optimize our entry, it would be best to enter short AFTER 5-6 consecutive GREEN bars. Now, the next upcoming New York session is Friday, and there is more data we can review to increase our odds of success.
Looking at the report below, over the last month, we can see when the 1hr opening candle during the New York session was RED, the NQ also closed RED (from open to close). This occurred for each Friday on NQ.
This is how Edgeful can help you maximize your edge when trading. Start making better trading decisons on data, not emotions. Click the link to find out more about a free 7 day trial: edgeful.com/?via=GG
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