Learned from Avery T. Horton, Jr. aka TheRumpledOne

Simple jut print and horizontal line and buy if price move away from it
eg the daily open line
buy above the open sell below the open
For US30
Dow Jones Industrial Average I use 20 pips above for buy stop and 20 pips below the open for sell stop.
GBPUSD
I changed the entry level to 10 ipips away from the open=10 pips above for buy and 10 pips below for sell,the reason i want to see more power ,price moving away from the far
you can see that depending in your extit you can make money or lose money both way
=================================
US30
Price went below horizontal line for sell went my way i took profits.
i then entered long when a reversal came and price went above the open and never turned back trade held to exit end of the day


42,873.00+418.88 (0.99%)hoy
11 oct, 3:55 p.m. GMT-4
today price move

My favorite AMERICAN song to bring back good times

Finally, I found it. Why I never thought of this? This system must bring in tons of profits.

Thanks for sharing bud

It is easy to joke about this idea that is too simple to be effective. But in reality it is not so wrong, but it needs to be a little improved. Depending on the chosen time frame, H4 or H1 I look for a bullish or bearish candle with a good and strong wick that bounces on open day level. If the bounce is also in agreement with a pair of moving averages of your choice, the signal is even stronger, but for those who know how to read candles, moving averages are not necessary.

This strategy is good also in higher time frames.

The open and the close of whatever candle are the most important support and resistance. No need others indicators.

From what I understand, when the market opens, for example 00:30 you place a buy stop 20 pips above and a sell stop 20 pips below. Right? Or do you have a time to enter orders? And what is your Take Profit?

From the last image it looks like you are using a dotted marker.

GBPUSD is in a seesaw affair today Prices rose, fell, then rose again.
i closed my short with a profit
10 pips profits made
out and waiting
==
Trading today was slow due to:
All Day
CAD
Bank Holiday
All Day
USD
Bank Holiday

big move
entred short just daily open line crossover

Promedio Industrial Dow Jones
42,740.42−324.80 (0.75%)hoy

GBPUSD
I changed the entry level to 10 ipips away from the open

End of day

sell stop order filled for big profits

43 pips close to open

GBPUSD