How to trade the London opening

3: Use Powerplay on M15 to check if there is a main trend move during the last hours.

4. Use Powerplay on M5 and wait until a possible correction move is finished and the main trend move will be continued. 

hello, i dont understand why we have to use powerplay on m5 or m15, doesnt powerplay show you just the trend on different timeframes?  

thanks for your great job. cheers 

Hello yari,

the Powerplay MTF display shows the current trend situation but i don't see when the trend started.

If we switch to M15 as suggested at point 3. we see that the downmove started at 2:00 GMT.

At the london opening we had a 6 hours downmove and the probability to continue this move is very high.

But to enter and manage a trade i use Powerplay on M5 because i get a smaller intial stop and a much tighter trailing stop.

That's the reason why i recommend to use Powerplay on M5 as described at 4. 

Hope this helps.

Best regards

Daniel 

I'm still trying to figure out an effect way to use the light house indicator. I'm not using it how the author is recommending it, because that kind of sort of contradicts to my other strategies. 

If anyone one has good idea, I would love to hear. 

one more as it happens.... 

as it stands..... 

The result.... 

Hello bullish15,

your screenshots are really impressive. 

Would you share the idea behind your trades?

Best regards

Daniel