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

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Dua Yong Rew
5554
Dua Yong Rew  
  • 54%
    (56)
  • 30%
    (31)
  • 16%
    (16)
Total voters: 103
Dua Yong Rew
5554
Dua Yong Rew  

for intraday trading

buy when price is above day open

sell when price is below day open

Dua Yong Rew
5554
Dua Yong Rew  

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

thanks 

Balachandran Chandrasekar
44136
Balachandran Chandrasekar  
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  
Clicking "i want to see the vote" also means i don't want to participate. Because you can only vote once
Dua Yong Rew
5554
Dua Yong Rew  
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
388
hao nguyen xuan  
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
7845
Ovidiu Caslariu  

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
5554
Dua Yong Rew  
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  
daily open has no meaning to me. i always follow strategy from combination of some technical indicator
q.import
206
q.import  
Depends on the strategies..
123
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