MightyOne wrote:courier12 wrote:...
" If price leaves the midpoint behind then you can use HOLO or a daily open.."
Are you refering to HOLO on any intraday timeframe of ur choice? or did u mean something else?
Also, if price leaves the midpoint behind, woudn't it also leave todays active daily open behind? In your chart for example, price is already way below daily open....or were u refering to a weekly open / monthly open / an earlier day open from a while back? Thank you
What I had in mind was that if price starts trading below the highest H1 open that you can elect to trade against the bias.
I use daily opens for the monthly bias.
Thank you Mighty One, I was assuming you were looking at Daily and H1 charts and not the Weekly / Monthly charts. My bad.
And in the chart I think, this is the prior month's midpoint and not the current month's developing midpoint?