scalping the london open - whats actually still working
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the london open from 07:00 - 09:30 UTC has historically been a goldmine for scalpers. liquidity flooding in, clear directional moves on majors, pre-news positioning.
but the playbook has changed. simple 'breakout of the asian range' that worked for years now gets stop hunted in the first 5 minutes 60% of the time. patterns that were $2k a week for me 2 years ago are -$500 a week now.
for those still scalping london open profitably - what is your current edge?
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short term yes. price spikes one direction taking out obvious stops, then reverses sharply. 'fading' means entering on that reversal in the opposite direction of the initial spike. its trading the stop hunt as if you knew it was coming. risky if you misread the level.
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different angle - i stopped scalping the open entirely and now trade the london CLOSE (16:00-18:00 UTC). less competition because everyone is focused on the open. less algo density. the moves are smaller but the win rate is higher because its less predictable so less farmed by HFT.
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still very tradeable for me. the difference: i use higher timeframe context (daily bias) to filter which direction to scalp during the open. random scalping died. directional scalping with confluence is alive. its less of a 'mechanical' edge and more skill-based now.
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i love london open scalping but i had to evolve 5 times in 3 years
the market changes the rules and you adapt or die. boring meta. but real
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