Dislikedokay, but i trade 4 hour and daily
one of the grand masters of GU i met at marketiva who now owns a shipping business in holland once told me GU is best traded only on 4 hour charts or above, less than that she bites a lot.
his trades were always to the mark, and that surprised me a lot.
anyways, his concept was pretty simple
below day open the trend is bearish, above it is bullish, rest depends on what 4 hour says.
so going by that, below day open i will look to short, but if it does reverse and go above it then i will reconsider my...Ignored
sounds like how i used to trade stocks .. place high and low 1st 30 min of market open .. above open range high = bullish buy dips , below = bearish sell rallies
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