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
End of the Day BTC & STC has a TIGHT TIME WINDOW
The best time for a start of trend is 3-3:35 EST
End of the Day BTC & STC has a TIGHT TIME WINDOW
The best time for a start of trend is 3-3:35 EST
End of Day BTC and STC opportunities are BRIEF
Since BTC & STC are climaxes, when they come in the final hour there is not much of a chance to make money as you need usually a couple of bars to confirm the BTC/STC as you most times enter on the close of the 3/4 bar
This leaves very little time in the final hour to enter a trade
End of Day BTC and STC opportunities are BRIEF
Since BTC & STC are climaxes, when they come in the final hour there is not much of a chance to make money as you need usually a couple of bars to confirm the BTC/STC as you most times enter on the close of the 3/4 bar
This leaves very little time in the final hour to enter a trade
End of Day - RISK HAPPENS FAST!
End of Day - RISK HAPPENS FAST!
When the market gets near Resistance it often gets pulled up to it very quickly even if it looks like it is going to get stalled, why?
Because the bears do not want to sell there yet, the bulls want it to get there so it is a strong magnet.
Buy once it gets there the magnet turns often at least briefly, be ready to enter quickly if behavior changes
When the market gets near Resistance it often gets pulled up to it very quickly even if it looks like it is going to get stalled, why?
Because the bears do not want to sell there yet, the bulls want it to get there so it is a strong magnet.
Buy once it gets there the magnet turns often at least briefly, be ready to enter quickly if behavior changes
End of Day Buy The Close Bull Trend (BTC)
BTC is always a buy vacuum test of resistance, even if resistance is not obvious
So you do not want to be buying closes when the market gets close to the rally, you want to buy them early
When the market gets near Resistance it often gets pulled up to it very quickly even if it looks like it is going to get stalled
End of Day Buy The Close Bull Trend (BTC)
BTC is always a buy vacuum test of resistance, even if resistance is not obvious
So you do not want to be buying closes when the market gets close to the rally, you want to buy them early
When the market gets near Resistance it often gets pulled up to it very quickly even if it looks like it is going to get stalled
At the end of the day Traders always look for magnets like todays open, low or high. Or magnets from yesterday, like its high, low or close
At the end of the day Traders always look for magnets like todays open, low or high. Or magnets from yesterday, like its high, low or close
Traders need to be prepared for Bull/ Bear Traps at the end of the day
A lot of times in the final hours the markets will do something to make traders think it is a good buy and it is trapping Bulls into buying and the market is about to reverse down and vice versa for the sell setups
Traders need to be prepared for Bull/ Bear Traps at the end of the day
A lot of times in the final hours the markets will do something to make traders think it is a good buy and it is trapping Bulls into buying and the market is about to reverse down and vice versa for the sell setups
If today is a Friday traders look at the Weekly S/Rs and if it is the final day of the month at the final hour traders will look for key S/R levels to structure a profitable trade as those S/R are magnets
If today is a Friday traders look at the Weekly S/Rs and if it is the final day of the month at the final hour traders will look for key S/R levels to structure a profitable trade as those S/R are magnets
Bull Trap in the Final 2 Hours of the day
Bull Trap in the Final 2 Hours of the day
Bear Trap in the Final 2 Hours of the day
Bear Trap in the Final 2 Hours of the day
Usually the first time the Bears do anything it Fails, it is a minor reversal and the Bulls know this and will buy the minor reversals up (1st MAG and the Bulls know this!)
Usually the first time the Bears do anything it Fails, it is a minor reversal and the Bulls know this and will buy the minor reversals up (1st MAG and the Bulls know this!)
The market at the End of the Day often Tests S/R especially if it is near the OPEN
The market at the End of the Day often Tests S/R especially if it is near the OPEN
HIGHER TIMEFRAMES S/R is very important at the end of the Day
End of Day - Daily S/R are MAGNETS!
HIGHER TIMEFRAMES S/R is very important at the end of the Day
End of Day - Daily S/R are MAGNETS!
Near the End of the Month or a Week the 5 minute Timeframes will often Test the S/R of the Monthly chart near the end of the month and on the 5 minute chart it will often test the weekly S/R
So pay attention at the end of weeks to the S/R of the weekly
and pay attention near the end of the month to the monthly S/R on the 5minute chart I am trading from
Note: H, L, C of Prior recent days are MAGNETS TODAY
Near the End of the Month or a Week the 5 minute Timeframes will often Test the S/R of the Monthly chart near the end of the month and on the 5 minute chart it will often test the weekly S/R
So pay attention at the end of weeks to the S/R of the weekly
and pay attention near the end of the month to the monthly S/R on the 5minute chart I am trading from
Note: H, L, C of Prior recent days are MAGNETS TODAY
Last Day of Week - Weekly S/R are Magnets
Weekly S/R are important on Fridays, so located the weekly S/R and ensure they are plotted on my 5 minute chart’ there could be a vacuum in the final hour of the day
Last Day of Week - Weekly S/R are Magnets
Weekly S/R are important on Fridays, so located the weekly S/R and ensure they are plotted on my 5 minute chart’ there could be a vacuum in the final hour of the day
Last Day of the Week - Look for Reversal at the End of Day
Last Day of the Week - Look for Reversal at the End of Day
Last Day of Month - Monthly S/R are Magnets
Last Day of Month - Monthly S/R are Magnets
Last Day of the Month - Look for Sell Vacuum to Support
Last Day of the Month - Look for Sell Vacuum to Support
