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Tom Hougaard · Navigating the Open
Independent research · 30,000 opening bars · a nuanced truth

Does strength beget strength on the open?

Tom's "Navigating the Open" says a big-bodied bar closing near its extreme makes the machines bet on continuation — "buying begets buying". We tested it on 30,000+ opening bars over 17 years. The answer is refreshingly honest: a real effect, but a tiny one — enough to lean on, not to trade.

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