... continued from previous post:
There are many ways to use an Opening Range. You can use it simply as a bias reference point (long above, short below). You can use it to provide trade opportunity, either through an initial opening range breakout, or through subsequent retests.
Or in this case, simply as a tool to help reduce early-session damage to P&L when the market gets stuck in a bull/bear slugfest at the open.
A tool to help survive any opening chop through (a) quick recognition of the market being stuck in the opening range, and (b) limiting engagement until it's broken and holding clear.
Happy trading,
Lance Beggs
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Attached Image
Attached Image
There are many ways to use an Opening Range. You can use it simply as a bias reference point (long above, short below). You can use it to provide trade opportunity, either through an initial opening range breakout, or through subsequent retests.
Or in this case, simply as a tool to help reduce early-session damage to P&L when the market gets stuck in a bull/bear slugfest at the open.
A tool to help survive any opening chop through (a) quick recognition of the market being stuck in the opening range, and (b) limiting engagement until it's broken and holding clear.
Happy trading,
Lance Beggs
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