Notes
- A typical bullish day closes near the high of the day, and a typical bearish day closes near the low of the day.
- This type of entry is for traders who, for various reasons, cannot trade the London Open Kill Zone.
- If the price respects the daily discount array and higher prices are expected, the market should not trade far below the daily opening price.
- If the price respects the daily premium array and lower prices are expected, the market should not trade far above the daily opening price.
- CBDR can help determine how far above/below the opening price the market can go.
- We don’t know how much the protraction will be. The key is that we have already seen price moving away from a premium/discount array on the daily chart the day before.
- After 0:00 GMT, we expect a protraction stage, as we do in the London open kill zone case.
- The ATR indicator with a period of 5 will help us determine the candle’s average range over the last five days.
Integrating Daytrades With HTF Trade Entries
Integrating Daytrades With HTF Trade Entries - The Open Or Openings
Integrating Daytrades With HTF Trade Entries - Power Of Three
IPDA True Day Open - Reset - Buy At 0 GMT
IPDA True Day Open - Reset - Buy At 0 GMT Minus 20 Pips
IPDA True Day Open - Reset - Sell At 0 GMT
IPDA True Day Open - Reset - Sell At 0 GMT Plus 20 Pips
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