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Does the Previous Day's close give you an indication of which side to trade? You do not have permission to vote on this poll.
Yes	15	60.00%
No	6	24.00%
I don't know	1	4.00%
It's possible	3	12.00%
Total:	25 votes	100%

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Page 2 of 4: 1 2 3 4

Crispy

Registered: Jul 2009
Posts: 742

04-11-12 08:25 PM

Quote from trhudson:

I am referring to the POSITION of the CLOSE in relation to the entire day's range.

This is what my eyes saw "location of the Previous Day's Close".

Anyhow, my actual trading, not research indicates the close is a valid level for anybody with their eyes open.

Good luck in your quest.

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trhudson

Registered: Aug 2002
Posts: 184

04-11-12 08:32 PM

Quote from Crispy:

This is what my eyes saw "location of the Previous Day's Close".

Anyhow, my actual trading, not research indicates the close is a valid level for anybody with their eyes open.

Good luck in your quest.

I certainly agree that the CLOSE is valid. I was just testing to determine if it's location could give me an indication of what side of the market to be on the following day.

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dtrader98

Registered: Nov 2006
Posts: 1819

04-11-12 09:53 PM

I'd say it's a very good observation.
Check your PM.

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ocean5

Registered: Feb 2012
Posts: 934

04-11-12 10:35 PM

Not certain as the certainty.Why don`t you start with the certainty instead?

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dom993

Registered: Jul 2008
Posts: 544

04-13-12 03:48 AM

With the right data-mining tools (which I understand you do have), it should be easy to find if this is statistically significant or not.

Why don't you share your preliminary results? This might prompt a deeper discussion.

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ocean5

Registered: Feb 2012
Posts: 934

04-13-12 03:52 AM

Quote from dom993:

With the right data-mining tools (which I understand you do have), it should be easy to find if this is statistically significant or not.

Why don't you share your preliminary results? This might prompt a deeper discussion.

using statistic for trading is as bad as PA trading and incorrect.

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