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Fib application following Henry's video -trade the news -NFP release. 1st fib is applied to spike, 2nd to days range. if Im' trading in UK, what do you identify as the day's range?
ie. from UK session commencing at 7am or later and before US open?
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- nick
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- 1 year ago
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Daily range is the high and low of the trading day prior to the movement of the market (before news release). I think the start of the day's range is in the Asian sesion. |
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The day's range is the high or low of the trading day, where one is located is insignificant . |
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In my own interpretation, I would assume that the day range is the range achieved in the prior 24 hours before the news released time. |
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