Yes, the daily open is important and should be part of your strategy. The Index Entry is also a good tool and it can be risky to trade against.Samoth wrote: Fri Jun 21, 2024 1:05 am Damn, waited all day for NASDAQ to dip below daily open to make a short trade.
NASDAQ went down all the time and of course I took the only one that did not work![]()
Do you guys consider the daily open to be important criteria?
On my phone at work and not sure what time frame that is, but I would definitely look at market structure of higher tf and want correct conditions in higher tf before trading against the arrow square. Additionally, I wouldn’t trade against the arrow and index entry combination.