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I think the importance relies on the "price action".. i mean,,,if i see the market is rejecting one of this levels (5 min OR) then the market is giving it the relevance probably the big boys arenīt basing anything off of it...but the market is noting the levels...if you see the past three to four days,...the 30 min OR share the price with the 5 min OR...coincidence...???... so at this point i would ask ...which or what the big boys look at...if they look at OR...it seems they do...but i donīt know it...i just want to trade the price...and what the market is telling me... it could be the 5, 30 Min OR...the One hour Opening range...donīt know...i use this 3 ORīs....and i trade the market rejection on this levels...so at the end..i will trade what the market is giving relevance...no matter which OR is....
JD...
Can you help answer these questions from other members on NexusFi?
i would like to start my day with thought i read "One of the marks of excellent people is that they never compare themselves with others. They only compare themselves with themselves and with their past accomplishments and future potential." Brian Tracy
Today we have Crude Oil Inventories and as always the market likes to play before the news release...so we need to keep the eyes wide open...
Price has reached the balance line 95.93 From yesterday.. it managed to break it...but it is under this level now...
Ok.. Crude seems a bit undecided...normally if price goes UP before News release ..it is the possibility that the number will come negative and price could fall...(not always)---
but my bias are short...i expect the market correct me...
With Tradestation, you cannot do spread trades on the main platform (unless you leg them in). You also cannot access the exchange spread quotes via the main platform (meaning, you can backtest them, chart them, etc.). Every time I ask, Tradestation …