Saturday, January 22, 2011

Time Period Bias Change

Early in month bearish break, then reversal through pivot and above opening range...Extremely bullish.


Euro:
 

“Fear blinds us to opportunity: greed blinds us to danger.”




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2 comments:

  1. cremesJanuary 22, 2011 at 2:27 PM

    Slightly off topic for this particular post...

    While reading through older articles, I have noticed that you sometimes use 5 days and other times use 2 days for your monthly opening range timeframe. Why the difference?

    Similarly, I have noted that your intraday trading usually uses a single 20m period. If you were keeping times proportional between daily and monthly, wouldn't you then use 5 20m periods to establish a day's opening range?

    Just curious...

    ReplyDelete
  2. d.m.January 23, 2011 at 9:59 AM

    I used to use a 3 day opening range, and have switched it to 2 days...I find it works a little better.

    Intraday, 20 minutes seems to work well.

    I don't think I have used a 5 day opening range before on a month time frame of trading. Perhaps the 6 month time frame I highlighted in Crude Oil for January and July...but I think that was 2 weeks.

    Bottom line, 20 minutes for intraday, and 2 days for month time frames.

    Thanks!!!

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