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Daily advantage at start of day?

  • #1
  • First Post: Nov 8, 2007 11:29am Nov 8, 2007 11:29am
Hello, just wondering if there was a way to get an Advantage on the currency to show weather the currency might be in an upward motion or downward? Would looking at the Daily Pivot work? or is there another indicator that might help out better in predicting direction for the day? Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2
  • Nov 8, 2007 2:01pm Nov 8, 2007 2:01pm
Quoting matrixebiz
Hello, just wondering if there was a way to get an Advantage on the currency to show weather the currency might be in an upward motion or downward? Would looking at the Daily Pivot work? or is there another indicator that might help out better in predicting direction for the day? Thanks
If the previous day's close was up, then buy on the open. If the previous day's close was down, then sell on the open. This approach works surprisingly well! (Thanks Tkimble
Disregard all prognostications.
  • #3
  • Last Post: Nov 9, 2007 6:18am Nov 9, 2007 6:18am
Quoting Pidgeon
If the previous day's close was up, then buy on the open. If the previous day's close was down, then sell on the open. This approach works surprisingly well! (Thanks Tkimble
Ok, how do you know it closed up? do you mean the last bar is higher than the previous bar? what time is open and close? I guess it depends on what city market you looking at, correct? What GMT times are best to monitor open and close?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
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