These are excellent observations and such observations are to be expected from going through this exercise.

So the next step is for you to consider how can you translate these observations into concrete trading rules that you can incorporate into you next trading plan.

I would disregard the comments made by giga. I'd like to think giga meant well, though the tone and choice of some of his words disappoint me. And to tell someone they've selected the wrong bar is just wrong to say. It is very much typical FF behavior and we here in this thread are anything but typical FF members. As the late, great Freddie Mercury would say, "those are the losers ... we are the champions!"

Each of us start from where we choose to start. Once started, the conclusions we make must come from our experience of the journey. Look at belgrath: I don't know what instrument he is trading or what bar interval or his reward to risk management or any of it other than he started where you started and he found his way through the process to develop a consistently profitable trading plan that is his own.

There is no "right or wrong" fixed bar. Any bar at or near a major market center open can be developed into a reference bar around which to build a consistently profitable trading plan.

You can choose a different reference bar for your next 20 trades, but then the observations you have made must be set aside, and you should trade your new reference bar just as you traded the previous reference bar.

I posted a chart not long ago showing exactly what you observed.

I've amended my plan over several trials to take these reversals into account and to both cut losses short as well as participate profitably in the reversals.

This is a process. But if you are to make it work, you must follow the process yourself and make it your own. Not giga's, not vidvad's, not turnip's, not bluesteele's, not begrath's ... you must make it your own, rorex.



I trade the 7:30 AM to 8:00 AM GC M30 fixed bar.

Again, you have made excellent observations and again such observations are to be expected from going through this exercise.
The next step is for you to review, measure, and recut the cloth. You don't have to start trading again today or even tomorrow. Take some time to consider what you can learn from your observations and how can you translate these observations into concrete trading rules that you can incorporate into you next trading plan.

You are on the right path. The path is one of process.

I'm logging out now and won't be back for a while. I felt that it would be unfair not to step in here and redirect you back to the path and away from the rabbit hole giga was about to send you on.

You've now been warned. Be careful from whom you take advice. At this point your best counsel will be your own so long as it comes from the perspective of the process you are following.