Trading the Final Hour Flashcards

1
Q

Majority of traders are emotional and news - driven and overreact in the 1st 30 Minutes.

Smart Investors trade intensely in final hour after evaluating the markets performance

A

Majority of traders are emotional and news - driven and overreact in the 1st 30 Minutes.

Smart Investors trade intensely in final hour after evaluating the markets performance

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2
Q

What does Smart Money do at the end of the Trading Day?

A

Smart Money Positions itself for Tomorrow

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3
Q

Bull Trend on Daily - Look for Late Rally on 5 Min

A

Bull Trend on Daily - Look for Late Rally on 5 Min

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4
Q

Bear Trend on Daily - Look for Late Rally on 5 Min

A

Bear Trend on Daily - Look for Late Rally on 5 Min

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5
Q

Looks Easy - But is Mentally & Physically Tired at the End of the Day is very common

A

Looks Easy - But is Mentally & Physically Tired at the End of the Day is very common

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6
Q

Looks Easy - But Often No Time to Decide

A

Looks Easy - But Often No Time to Decide

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7
Q

Looks Easy - Huge Reversal within Seconds

A

Looks Easy - Huge Reversal within Seconds

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8
Q

When an Entry is BAD for a Limit Order Trader it is usually great for the opposite; a Limit Order Trader .

A

When an Entry is BAD for a Limit Order Trader it is usually great for the opposite; a Limit Order Trader .

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9
Q

Big Bar in TR - Limit Order Market

Buying a Head & Shoulders Bottom in a setup for a swing Trade and with this being so late in the Trading Day there is not enough time to buy it and let the Trade play out. DO NOT BUY THIS and simply wait for TMR (You could however use a smaller TF but it still NOT recommended)

A

Big Bar in TR - Limit Order Market

Buying a Head & Shoulders Bottom in a setup for a swing Trade and with this being so late in the Trading Day there is not enough time to buy it and let the Trade play out. DO NOT BUY THIS and simply wait for TMR (You could however use a smaller TF but it still NOT recommended)

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10
Q

Tight TR @ 3:45 pm EST = Wait for Tomorrow

This is also a Bad Environment for Stop Order Traders

A

Tight TR @ 3:45 pm EST = Wait for Tomorrow

This is also a Bad Environment for Stop Order Traders

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11
Q

This is what you’re looking for, you are looking for a Trend at the End of the Day

End of Day Buy The Close (BTC) - Started Early, but Bull Trend Day

Look for a BO and Buy Bull Bars closing near their highs; keep doing it until it fails or do it for a Swing up

A

This is what you’re looking for, you are looking for a Trend at the End of the Day

End of Day Buy The Close (BTC) - Started Early, but Bull Trend Day

Look for a BO and Buy Bull Bars closing near their highs; keep doing it until it fails or do it for a Swing up

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12
Q

End of Day Buy The Close - Started Early, But Bull Trend

Big Bull Bar after 5 or more bars in BTC rally @ end of the dat @ High of Day in strong bull trend; Bulls will see it as a gift and TAKE PROFITS.

Bulls will exit at close of bull bar or below bear bar.

DO NOT BTC of 5th or 6th bull bar if BIG BAR

A

End of Day Buy The Close - Started Early, But Bull Trend

Big Bull Bar after 5 or more bars in BTC rally @ end of the dat @ High of Day in strong bull trend; Bulls will see it as a gift and TAKE PROFITS.

Bulls will exit at close of bull bar or below bear bar.

DO NOT BTC of 5th or 6th bull bar if BIG BAR

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13
Q

BTC in TR DAY - If Starts before 3:30 EST, Probably will PB (11:15 AM PST = 2:15 PM EST)

A

BTC in TR DAY - If Starts before 3:30 EST, Probably will PB (11:15 AM PST = 2:15 PM EST)

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14
Q

Sell The Close (STC) @ End of The Day - Lasted 10 Bars

A

Sell The Close (STC) @ End of The Day - Lasted 10 Bars

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15
Q

STC EOD - If Stars before 3:30 pm EST(12:30 pm PST) , Usually Fails

A

STC EOD - If Stars before 3:30 pm EST(12:30 pm PST) , Usually Fails

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16
Q

Magnets = Price is Drawn to it, most of time it is a S/R location

A

Magnets = Price is Drawn to it, most of time it is a S/R location

17
Q

In a TR Day is the Open a Magnet?

A: Yes it is, most TR Days Close around the open of the Day.

Therefore in the final hour expect a test of the Open.

There is a 70% Chance of a test of the open after 2PM EST

A

In a TR Day is the Open a Magnet?

A: Yes it is, most TR Days Close around the open of the Day.

Therefore in the final hour expect a test of the Open.

There is a 70% Chance of a test of the open after 2PM EST

18
Q

Possible Late Test of Open - Sell The Close Bear Trend

A

Possible Late Test of Open - Sell The Close Bear Trend

19
Q

In a TR Day the Open is a Magnet

A

In a TR Day the Open is a Magnet

20
Q

TR Day - Look FOR TEST OF OPEN AFTER 2 PM EST (11am PST)

A

TR Day - Look FOR TEST OF OPEN AFTER 2 PM EST (11am PST)

21
Q

TR Day - Sell Vacuum Test of Open

70% Chance of a test of the open after 2pm EST

This Big BEAR Bar after 5 or 6 bars in STC selloff in TR Day, the Bears will see this as a GIFT and Take Profits. DO not STC @ this point!

A

TR Day - Sell Vacuum Test of Open

70% Chance of a test of the open after 2pm EST

This Big BEAR Bar after 5 or 6 bars in STC selloff in TR Day, the Bears will see this as a GIFT and Take Profits. DO not STC @ this point!

22
Q

STC @ End of the Day - Risk Happens Fast

A

STC @ End of the Day - Risk Happens Fast

23
Q

BTC @ End of the Day - Exit 4 - 8 Ticks Below Bull Bar

BTC Rally starts early @ 2:55 PM EST.

Since not Strong Bull Trend Day, probably will get Reversal Down

A

BTC @ End of the Day - Exit 4 - 8 Ticks Below Bull Bar

BTC Rally starts early @ 2:55 PM EST.

Since not Strong Bull Trend Day, probably will get Reversal Down

24
Q

Institutions Trade HEAVILY in the Final Hour of the Day to help position themselves for the next Trading Day

A

Institutions Trade HEAVILY in the Final Hour of the Day to help position themselves for the next Trading Day

25
Q

At the End of the Day Does RISK happen fast or slow?

A

At the End of the DAY RISK happens FAST