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Hi, Al said in video 48D that if the opening range is between 30% and 50% of average days' range, then look for a measured move after the BO of the opening range. However, if the opening range is >50% of average days' range, then progably TR day.
Just wanted to know how should I trade if the opening range is <30% of an average days' range?
Thanks so much for your advice!
Hi Darren,
We had someone do a study in our BPA trading group to see what happens when the 18 bar range decreases relative to ADR. It seems that chance of breaking both sides increases drastically for smaller ranges, so it's not surprising that Al prefers 30%-50% range days. Not too small, but also not too climactic to make room for doubling.
https://drive.google.com/file/d/1Udcxv_08tPq9IdhOW_zXQ7WJ09hRVhcF/view?usp=sharing
Feel free to join our group if would like to discuss more,
CH
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BPA Telegram Group
Thanks so much for your reply and info!
