Tight opening range, early break through support/resistance usually signifies a trend day. (opening range for intra-day trading is first 20 minutes denoted by green lines. Blue lines taken from data on thursday)
Saturday, November 13, 2010
Opening Range Method
Thank god I got out of this position on Thursday. Not sure why I sold it, in fact after I sold it I said to myself "this position is working why am I getting out?!" Sometimes you have to take profits and in this case it was well timed.
Tight opening range, early break through support/resistance usually signifies a trend day. (opening range for intra-day trading is first 20 minutes denoted by green lines. Blue lines taken from data on thursday)
Tight opening range, early break through support/resistance usually signifies a trend day. (opening range for intra-day trading is first 20 minutes denoted by green lines. Blue lines taken from data on thursday)
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