First of all - 'trading the box' is a strategy that has been around since people started using charts. Thank you to whoever put in the time to come up with the current parameters around US open.
Also - this week and the next two days should be especially turbulent. Be careful to make too many assumptions based upon your results from this period.
Now for the questions:
Since you are looking at a two hour period, why not plot the box using the one hour time frame? That should be a bit easier. The highs and lows for the two hour period would be the same for 2 - one hour candles as the 8 - 15 minute candles. Am I missing something?
Is anybody using a special entry strategy if the last candle ends at a high or low or are you just entering a market order?
Thanks
T...
Also - this week and the next two days should be especially turbulent. Be careful to make too many assumptions based upon your results from this period.
Now for the questions:
Since you are looking at a two hour period, why not plot the box using the one hour time frame? That should be a bit easier. The highs and lows for the two hour period would be the same for 2 - one hour candles as the 8 - 15 minute candles. Am I missing something?
Is anybody using a special entry strategy if the last candle ends at a high or low or are you just entering a market order?
Thanks
T...