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Reread the next paragraph after I say it's complicated. That "trusted" indicator is up to you and that is what complicates the signal, that and the fact it gets stopped out a lot by each new low of the day until it isn't.

Frankly, I wouldn't bother with the LOD signal, since it takes a lot of experience, while the open is clear cut. . There is plenty of money to be made just using the trigger on the open with a stop.

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Michael Petryni
Michael Petryni

Written by Michael Petryni

Journalist, film critic, screenwriter, proprietary trader seeking simplicity in trading. https://thegodoftrading.medium.com/subscribe

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