Tuesday, 26 May 2015

One of the extremes in first hour

UR Dave 16:30:00 5 comments

Today I have made another small video to demonstrate the thumb rule "One of the extremes usually occurs during the first hour of the trading day."

Click here to watch the video. It is actually up to us to maximize the trading gains using this information. How? I welcome your suggestions and ideas.

5 comments:

xrtrader126 May 2015 at 16:55
Very good observation Dave, will get back.
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shub1126 May 2015 at 19:26
Can we use this rule to take ORB (opening range break out) types of strategies ?
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veer26 May 2015 at 19:50
Dear Daveji

Again an excellent presentation and observation.

Regards,

Veer
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Anonymous26 May 2015 at 23:42
Great video. Thank you.
One way to use this information is to have bias to trade. Say we opened and rallied in the 1st hour. Use that info to take long trades assuming LOD is made. You will be right 70 to 80% of the time.

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dinil mathew28 May 2015 at 21:45
Dear URD,
Good Video. Thank You.

Regards,
Dinil
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