Disliked{quote} The Day Open Line was the starting point regardless, the intent was marked when 25 - 33 % move was in one direction from the DO. Even if it dipped above or below then resumed towards the suggested 25-33% entry point in that direction. Backtested the strategy and it was at best 50-50 predicting the market direction, as you would agree when Franky /London sessions open, it can swing around quite quickly. It's nice when it works, of course your money management skills woud have to be up to scratch when it doesn't.Ignored
https://www.forexfactory.com/thread/...2#post14347422
BW said - "Let's say, GU ADR is 150pips, and we take 33% giving 50 pips. At 50pips day range(33%adr), what's the next 50pips expansion going to be, that gives 66% day range? Once you put this parameter of the next 50pips the market will expand to, you find you have to know the market intent for the trading day."
He clearly says "at 50 pips day range". To me 50 pips "range" is definitely different to just 50 pips above or below the open line. Would you not agree?
