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do you consider the day's open in your trading decision

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Dua Yong Rew
5423
Dua Yong Rew 2014.02.20 05:38 
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  • 16%
    (16)
Total voters: 103
Dua Yong Rew
5423
Dua Yong Rew 2014.02.20 05:38  

for intraday trading

buy when price is above day open

sell when price is below day open

Dua Yong Rew
5423
Dua Yong Rew 2014.02.20 07:16  

please share how do you use the day open in your strategy.

thanks 

KoT 009
44107
KoT 009 2014.02.20 12:38  
Days open price and first few hours of a trading day give good entry price, if u trade based on candlestick patterns.
gbemi1 AJAYI
856
gbemi1 AJAYI 2014.02.20 16:19  
Clicking "i want to see the vote" also means i don't want to participate. Because you can only vote once
Dua Yong Rew
5423
Dua Yong Rew 2014.02.22 02:54  
chandra100:
Days open price and first few hours of a trading day give good entry price, if u trade based on candlestick patterns.
what's your strategy like?
hao nguyen xuan
254
hao nguyen xuan 2014.02.23 16:01  
in my opion I will not trade on day that have much news red. It's dangerous for order because news will make wrong all signal
Ovidiu Caslariu
7846
Ovidiu Caslariu 2014.02.23 17:29  

Day open gives you the trend that should follow after the market gets to the new indicators. Still, the trend might easily change if the market bounced back after previous day great movements. On the other side I am considering also the previous day close in comparison with current day open in my analysis.

Dua Yong Rew
5423
Dua Yong Rew 2014.02.24 00:45  
MetaSky:

Day open gives you the trend that should follow after the market gets to the new indicators. Still, the trend might easily change if the market bounced back after previous day great movements. On the other side I am considering also the previous day close in comparison with current day open in my analysis.

In forex, ain't previous day close equal today open? except you are talking about Friday close
gbemi1 AJAYI
856
gbemi1 AJAYI 2014.02.24 09:11  
daily open has no meaning to me. i always follow strategy from combination of some technical indicator
q.import
206
q.import 2014.03.04 17:40  
Depends on the strategies..
123
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