Al_Dente wrote:
BTW:
"""""Watching an older Al Brooks video last night he said 90% of the time either the high or low of the day is set by the first 90 minutes of trading."""
do u have a link boss?
thanks
Futures Trader 71 sayus 94% (or maybe it was 98, I don't recall for sure) of the time the 60 minute opening swing is exceeded to the top or bottom.
So unless something really unusual happens both stats are true with the day's low set this morning and the 60 minute opening high exceeded. BUT as my one armed friend noted a 90% number means that on average once every two weeks it is wrong. My cats would tell you that one day is when you make too large a bet.
Note the green stripes (resting orders) under the 60 minute OR high and low as well as yesterday's high.
Also that volume distribution isn't exactly gaussian making me think we could easily get back to the m,id and the VWAP (cyan and teal)
some chances the rebound might be a lower high. just in case.
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