Not really, as long as same timeframe within couple minutes, indicators and first 45 minutes of day session that market is home-Euro currency is Europe's time, am going to look for same patterns, but if huge gaps happen between yesterday's close and todays open, the volatility will be too much and normal patterns will be not normal, it is just best to walk away and work on other financial projects. I do use a moving average for trend, so it is noise with direction, but it is reversion, but to say back to the mean would be wrong as we can't foretell the future, is quite impossible to say what the mean actually would be, so I select so many ticks. First 45 minutes offer most volume, if you going to put up with the stress of trading, I want to get it over with as quickly as possible in 40 minutes to put on entries.
Ok Handle, But we all see the world thru a different window and that includes finding value, before we put on a trade. Cheers!
Market might or might not pull back here, but one thing for certain is that there is a higher high ahead. Currently, both swing and short-term signals are bullish. Look like bears again live to fight at another day, not today because of high probability of a higher high ahead.
Higher high as expected. I just initiated a short position through SPY puts @226.45. This is a swing trade, which means I might hold it less than two days.