Anyone have an entry strategy they would like to share for opening price action like we've seen this morning when price breaks down and continues down without a retrace.. I find myself missing so many of these moves cause I don't have an entry criteria for it and I'm not sure how to get in to them.. Hoping someone can open my eyes to a new idea...
input: period(3); if Low < Lowest(Low,period) then Sell else if High > Highest(High,period) then Buy; Oldest entry in the book. If your position was flat at the day's open, you would have been short immediately and then covered or reversed to long around 10:30 or so.