Question about the open range breakout!

myownceo727

Junior member
20 0
Sorry for the newbie question but when trading opening gaps for the emini s&p aka /ES what time do you start looking for the the range to start forming?

is it the entire range from when the session started trading the previous day or is there a certain time traders look at?
 

cmedaytrader

Junior member
38 0
The opening range normally refers to a set short time from the open. I forget off hand, something like the first 3o seconds or minute and a half. However, I doubt you'll find much success with it.

The gap would usually refer to the 4:15 pm close of the previous day and the 9:30 am price. Both times are EST.
 

BataviaTrader

Member
94 5
I once read that the first trading hour after opening is called 'amateur hour'. You trade it you find out quickly why that is.
 

hgh

Active member
133 1
basically, thousands and thousands people try to find money in this market through the last hundred years, most of them are clever, so take care of the trading~ It won't be so easy to earn something in it.
 

Mr O

Junior member
40 9
I once read that the first trading hour after opening is called 'amateur hour'. You trade it you find out quickly why that is.
What this guy said. No need to go firing off all your ammo in the first hour. Let the market establish itself for the session and it will tell you what it wants to do.
 

BataviaTrader

Member
94 5
Exactly. I believe at opening the big boys step in and clip 500 contracts for the day. I do not have the illusion I will survive with my lousy 1-2 contracts. So I sit back, watch it, and think it over.
 

Similar threads


AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock