Hello,
I'd like to know which techniques are most effective and accurate in establishing a daily bias for a given day. I am attaching a chart of a system I saw in another forum. The while line is the close of the previous day. Now, I want to find out what would work best in pointing me in the right direction at the open of a new day. In other words, what's the best way to find the trend for the new day. I hope that this is not too confusing. I will appreciate all your suggestions and ideas.
Take care,
Zawodowiec
I'd like to know which techniques are most effective and accurate in establishing a daily bias for a given day. I am attaching a chart of a system I saw in another forum. The while line is the close of the previous day. Now, I want to find out what would work best in pointing me in the right direction at the open of a new day. In other words, what's the best way to find the trend for the new day. I hope that this is not too confusing. I will appreciate all your suggestions and ideas.
Take care,
Zawodowiec
Attached Image