Today?? Put down the booze!.... LOL... Granted the Daily candle is close to closing quite badly but this thing has taught me to expect ANYTHING.. in 50 minutes I will predict the close.. I bet you the AH traders traders... get those points to 800
Shorted some at the close. >10% under avg volume on the last upmove (last hour). Interested to see how this puppy does tomorrow. Should be a good price if the short side is ready to go.
Mine was 28. Got blown through last night. Anyway got a nice clean BO of the OR today. Heavy volume so far, did not expect that on the day before a holiday.
Track.. "OR"?... I am slow.. Please point me to Websters Trader Dictionary.. If today holds strong you can count on a Moonshot gap Monday... 875 anyone?
opening range. many traders find a liking to making comparisions to the OR of 5, 10, 15, 30, and 1hour to the price action. many times they will act as areas of support and resistance. I usually try to trade only the direction of the OR unless a reversal pattern appears.