Free course · Lesson 13 of 15

New York: the 1pm break and retest

The afternoon setup: one candle, one break, one retest.

Step by step

1. At 13:00 UK, mark the 13:00 to 13:15 candle, the first 15 minutes of New York: its high, its low and the middle. That candle is where the big money starts positioning for the day.
2. US news at 13:30 UK often whips price through the zone. Ignore all of it. Nothing counts until the New York stock market opens at 14:30 UK.
3. After 14:30 a candle closes above the zone. That’s the break: we’re looking to buy. If it broke below, we’d look to sell.
4. Don’t chase the break. A buy limit sits on the midline and price comes back to retest it. Traders who sold the break are now trapped, and their stops add fuel.
5. Stop just below the bottom of the zone, never more than 10 pips. If price falls through the whole zone, the break was fake.
6. Target 1:3, or the London or Asia high when it’s further. Same rules as the morning: if London already traded one way, New York only trades that way too.

Remember: Mark the 13:00 to 13:15 UK candle, wait for 14:30 UK, then buy (or sell) the midline retest after a break. 10 pip stop, 1:3, one direction a day.