Weekly overnight and regular trading hour ranges.
Monday: Stayed within the overnight range
Tuesday: Breakout of the overnight highs just after the open, extending out to the 100% projection
Wednesday: FOMC day. Overnight highs were contained, while the lows broke and extended to the 100% projection lower, finishing right at the o/n session's midpoint.
Thursday: Big trend day down. Notice how long price oscillated around the o/n_lows before breaking.
Friday: For the most point held the midpoint before extending higher to the 50% projection.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.