DislikedMind over Markets p 71
Open Auction out of range.........then determine how you might apply it to the session profiles......to help shape your analysis. Just as one might use "directional performance data", comparing the IB volume to its average, or to the previous IB volume, along with the basic directional performance analysis, may give you a few more pieces to form an opinion. Hope it helps.Ignored
i use the opening type and location but mostly on London&NY sessions in comparation with previous ones, i didn't thought to use it on Tokyo because of low conviction we have...
your point was to compare with whole previous day or just with previous Tokyo, or with both? the volume in the initial balance was ~ average and the directional conviction was balancing/weakening because we had attempted direction up, value unchanged and volume ~lower...that was your idea?
i'm using directional conviction into my last day analysis but i didn't use the IB volume comparation.