2. Only last 1-2 tick-rate time-window/interval and their direction will determine next bar initial move. G.
I agree. But can it predict price movement for a longer time? As prize and volume is coupled, you just have to look to some hammer (with bullish prize movement) or inverted hammer formations (with bearish movement) in M1 to know that the last ticks of previous candle can’t even accurately predict movement of next minute. Thus, the question is if this is enough to make money (e.g. to exceed spread).
- This reply was modified 5 years, 1 month ago by Anti.