Trading the End of the Day Flashcards
End of Day Bear Channels are Difficult
It is better to just let it go as there is such little time left in the day making it difficult to scale in, this is a recipe to lose money
End of Day Bear Channels are Difficult
It is better to just let it go as there is such little time left in the day making it difficult to scale in, this is a recipe to lose money
End of Day - Swing or Scalp?
End of Day - Swing or Scalp?
End of Day Bull Channels are DIFFICULT (9/4/2020 WAS A DAY LIKE THIS)
When in a Channel, it is better to enter with limit orders as it is easier to money do so in channels
End of Day Bull Channels are DIFFICULT (9/4/2020 WAS A DAY LIKE THIS)
When in a Channel, it is better to enter with limit orders as it is easier to money do so in channels
At any time there is either a Trend or a TR
Most Traders prefer Trends at the End of the Day
Trends requires only management decisions since it is a swing trade
TR requires repeated entry decisions, since repeated scalps (If sideways in final 30 minutes, usually sideways until the close and LOM)
At any time there is either a Trend or a TR
Most Traders prefer Trends at the End of the Day
Trends requires only management decisions since it is a swing trade
TR requires repeated entry decisions, since repeated scalps (If sideways in final 30 minutes, usually sideways until the close and LOM)
Trader’s Equation - Risk, Reward, and Probability
Trader’s Equation - Risk, Reward, and Probability
End of Day Sell the Close (STC) Bear Trend
STC is always a sell vacuum test of support, even if support is not obvious
Once the market gets near the Support it is usually best to STOP SELLING CLOSES
End of Day Sell the Close (STC) Bear Trend
STC is always a sell vacuum test of support, even if support is not obvious
Once the market gets near the Support it is usually best to STOP SELLING CLOSES
Final Trend often begins MIDDAY
Final Trend often begins MIDDAY
End of the Day is a Traders last chance to make money
This is usually the Final hour to 90 minutes
Is there new information about tomorrow that requires price adjustment before the close?
Can you structure a trade that has a reasonable chance of making money
End of the Day is a Traders last chance to make money
This is usually the Final hour to 90 minutes
Is there new information about tomorrow that requires price adjustment before the close?
Can you structure a trade that has a reasonable chance of making money
When Trading at the End of the Day Traders should look for BOs and TRs NOT Channels
When Trading at the End of the Day Traders should look for BOs and TRs NOT Channels
If the market is in a TTR at the END of the DAY in the Final, especially the final 30 Minutes
It is better NOT TO TRADE
If the market is in a TTR at the END of the DAY in the Final, especially the final 30 Minutes
It is better NOT TO TRADE
Most BTC or STC finishes that begin after 3pm or 3:30pm EST are only going to last 4,5 or 6 Bars
The BTC Rallies -Bull Trends always end at RESISTANCE
The STC Selloffs-Bear Trends always end at SUPPORT
It is usually better to not enter after the 4 or 5th bar as it is most likely near the S/R
Most BTC or STC finishes that begin after 3pm or 3:30pm EST are only going to last 4,5 or 6 Bars
The BTC Rallies -Bull Trends always end at RESISTANCE
The STC Selloffs-Bear Trends always end at SUPPORT
It is usually better to not enter after the 4 or 5th bar as it is most likely near the S/R
If the market is going mostly sideways and I am getting a Reversal or a BO and the BO occurs to early (like with more then an HOUR left in the day) the trend will probably not last until the end of the day
If the market is going mostly sideways and I am getting a Reversal or a BO and the BO occurs to early (like with more then an HOUR left in the day) the trend will probably not last until the end of the day
Traders should always look for a BTC or STC Trends at the end of the day
They typically start around 3pm - 3:35pm EST
If they start too early they usually do not make it to the end of the day unless the day has been a strong trend day
- For example a strong bull day and you’re starting to get a series of bull trend bars even at 1 pm EST it is reasonable to buy it and trade it like a swing trade
Traders should always look for a BTC or STC Trends at the end of the day
They typically start around 3pm - 3:35pm EST
If they start too early they usually do not make it to the end of the day unless the day has been a strong trend day
- For example a strong bull day and you’re starting to get a series of bull trend bars even at 1 pm EST it is reasonable to buy it and trade it like a swing trade
: In a BTC finish in the final hour always get out below a Strong Bear Bar
: In a BTC finish in the final hour always get out below a Strong Bear Bar
End of Day LOM
Tight TR is a LOM; DO NOT TRADE only skilled traders will consider trading LOM @ the end of the day and they are very selective
In the final hour, most should only enter with stops or market orders in direction of the trend
End of Day LOM
Tight TR is a LOM; DO NOT TRADE only skilled traders will consider trading LOM @ the end of the day and they are very selective
In the final hour, most should only enter with stops or market orders in direction of the trend