Trading Tight Trading Ranges on the Open Flashcards
How many days a week does the market usually have a Trend right from the open?
About once a week which is 20% of the trading days for the year
Gap Down - Bull Trend From the Open
Gap Down - Bull Trend From the Open
Sell Climax - Usually Bad Follow-Through Next Day
Bear Trend from the Open
Sell The Close, bear micro Channel
1st Two Bars are BEAR Bars, 2nd Bar closing near its Low. Both have good size bodies
STC of 2nd Bar or Below 2nd Bar
As long as strong bear trend sell below bear bars closing near their lows
Sell Climax - Usually Bad Follow-Through Next Day
Bear Trend from the Open
Sell The Close, bear micro Channel
1st Two Bars are BEAR Bars, 2nd Bar closing near its Low. Both have good size bodies
STC of 2nd Bar or Below 2nd Bar
As long as strong bear trend sell below bear bars closing near their lows
Up Open - 80% Have 2 or More Reversals
80% of days test S/R in 1st 90 Minutes
Reversal often becomes High or Low of the day, often also some other pattern
In a wedge Top Open Bears look for DT or Wedge Top
Wedge bottom near EMA bulls look for a DB or Wedge Bottom
Up Open - 80% Have 2 or More Reversals
80% of days test S/R in 1st 90 Minutes
Reversal often becomes High or Low of the day, often also some other pattern
In a wedge Top Open Bears look for DT or Wedge Top
Wedge bottom near EMA bulls look for a DB or Wedge Bottom
5 or More Reversals = a TR Open, 25% of Opens are such
A TR open is a BO Pattern, resulting in a 50% the BO will be in other direction and the 1st BO has a 50% chance of Failing
5 or More Reversals = a TR Open, 25% of Opens are such
A TR open is a BO Pattern, resulting in a 50% the BO will be in other direction and the 1st BO has a 50% chance of Failing
When the market is in BO Mode with a 50/50 chance of a Break in either direction, what is the percent odds of the first BO failing?
After a BO occurs there is a 50% chance of it failing
General Rules - TR Begins on or Soon after 1st Bar
General Rules - TR Begins on or Soon after 1st Bar
Tight TR open can last 5 - 10 Bars or Last All Day
Tight TR open can last 5 - 10 Bars or Last All Day
General Rules - TR Begins on or Soon after the 1st Bar
General Rules - TR Begins on or Soon after the 1st Bar
Wait for Signal Bar - Use Appropriate Protective Stop
Traders should enter most trades using stop orders
To increase the probability of a profit, wait for a strong signal bar
When Buying wait for a bull bar closing near its high and buy above that bar, not simply above the 1st bar with a bull body
Wait for Signal Bar - Use Appropriate Protective Stop
Traders should enter most trades using stop orders
To increase the probability of a profit, wait for a strong signal bar
When Buying wait for a bull bar closing near its high and buy above that bar, not simply above the 1st bar with a bull body
Tight TR OPEN - Sell Below Strong Sell Signal Bar (BO from Tight TR)
When selling, wait for a bear bar closing near its low and sell below that bar, not simply below the 1st bar with a BEAR body
Tight TR OPEN - Sell Below Strong Sell Signal Bar (BO from Tight TR)
When selling, wait for a bear bar closing near its low and sell below that bar, not simply below the 1st bar with a BEAR body
A Swing trade in the emini means 2 or more legs, at least 4 points
A Swing trade in the emini means 2 or more legs, at least 4 points
Beginners should Swing Trade with using Stop Entries
Beginners should Swing Trade with using Stop Entries
General Rules - TR Begins on or Soon after the 1st Bar
General Rules - TR Begins on or Soon after the 1st Bar
General Rules - more signs of a possible tight TR on open
General Rules - more signs of a possible tight TR on open
TR Open - TR that begins on or soon after the 1st Bar
Never worry about missing the earliest entry
If the BO into trend will be successful, there will always be other high probability setups
TR Open - TR that begins on or soon after the 1st Bar
Never worry about missing the earliest entry
If the BO into trend will be successful, there will always be other high probability setups
TR on Open - TR that begins on or soon after the 1st Bar
TR on Open - TR that begins on or soon after the 1st Bar
If you see a couple of big Bull Bars closing on or near their highs like this and You’re short you have to get out of your position and if you’re Flat you should get Long
If you see a couple of big Bull Bars closing on or near their highs like this and You’re short you have to get out of your position and if you’re Flat you should get Long
TR on Open - TR that begins on or soon after the 1st Bar
TR on Open - TR that begins on or soon after the 1st Bar
BO Mode on Open - No Clear Signal Bar (in TR), wait for a BO Higher probability to wait for some kind of BO and for the follow-through Bat too have a Bear Body(or same as BO signal bar)
BO Mode on Open - No Clear Signal Bar (in TR), wait for a BO Higher probability to wait for some kind of BO and for the follow-through Bat too have a Bear Body(or same as BO signal bar)
Example of Stop Order Scalping
Example of Stop Order Scalping
Limit Order Scalping - Many More Setups than Most Traders See
Limit Order Scalping - Many More Setups than Most Traders See
Order Scalping - Many More Setups than Most Traders See
Order Scalping - Many More Setups than Most Traders See
Limit Order Scalping - Fade Prior Highs and Lows
Limit Order Scalping - Fade Prior Highs and Lows
imit Order Scalping - Fade Flags near Top and Bottom
Fading these flags that do not look quite right near the Top/Bottom
Limit Order Scalping - Fade Flags near Top and Bottom
Fading these flags that do not look quite right near the Top/Bottom
Not Enough setups on 5 min Chart? - Here are ALL Setups on One CHART
Not Enough setups on 5 min Chart? - Here are ALL Setups on One CHART
Many Reversals and Tight TR - It is Easy to Not see any Trades (Limit Order Market = TR Market / TR Day) LOM have many opportunities to make money
Remember markets have inertia they resist change
Therefore betting on reversals all day makes sense unless there is a STRONG BO UP or DOWN
Many Reversals and Tight TR - It is Easy to Not see any Trades (Limit Order Market = TR Market / TR Day) LOM have many opportunities to make money
Remember markets have inertia they resist change
Therefore betting on reversals all day makes sense unless there is a STRONG BO UP or DOWN
