October 22, 2015
Trades & Tutorials
By Geoff Bysshe
In the current market, where even the trends are very choppy...
Every style of trading benefits from knowing what to expect from the intra-day trends and volatility.
If you're a swing trader, you will make your trading easier and more profitable when you can spot the right type of day to enter your trades. In other words, enter the longs as they reverse off their daily low, or as they begin a big trend day!
If you're a day trader, identifying the type of day it is (trending, reversal, or chop) is critical!
In the video below you'll see how you can use the market's "Opening Range" to determine how, or even if, you should trade in any given day.
The Opening Range as defined by the high and low of the first 30 minutes of trading can give you a powerful roadmap of which way the market is heading next, and what kind of trading you can expect for the rest of the day.
There are many ways to use it, and yesterday the general market action was a perfect example of why you should be looking at the Opening Range to determine if the market is going to trend, reverse or chop.
