Not practical per se, but certainly doable on a ranging day. 3 thirty-point moves captures the daily range, heh. But that's 6 hours in front of the screens. Lot of work.
Practical and doable but not obviously every trading day of the year. Though opposite of what overnight mentions. Trend days that start out LOD and end HOD, and vice versa.
Nah, I think catching a full 90 range of a trend day in one direction is harder than capturing the range in smaller chunks in a ranging day. That's trying to pick absolute tops and bottoms. Rough work man!
I agree but I think Overnight meant to say on a ranging day you can do support/resistance a few times a day to total the same amount. I used to feel bad about not capturing the range on trend days but today's total is good so I'm still happy. What a crazy ripper though.
That's an astute comment. The daily high-low range is linear. Travel is also linear, but travel is bi-directional. Daily travel is greater than the daily high-low range. More than 45 points of the days 90 range was possible by shorting. Or put another way... in addition to longs, more than 45 points of todays profits could have come from shorts.
Guess I should have made it plainer. LOD or vice versa HOD being the opening price on a trend day. Nothing to catch.
As I think I said in this topic (?) earlier .... eMini dropped approx 15 points from HOD at 400pm into 500pm close. And many other swings added to it of course equals more than range itself.