The Power of the Opening Range - Mastering Trading Strategies
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- čas přidán 2. 10. 2023
- Welcome to our video on "Trading Using The Opening Range: The Power of the Opening Range - Mastering Trading Strategies." In this informative session, we delve into the powerful concept of utilizing the opening range to enhance your trading strategies.
Understanding the opening range is critical for successful trading, as it sets the tone for the rest of the trading day. By familiarizing yourself with this key market phase, you gain an edge in predicting potential price movements and identifying profitable entry and exit points.
In this video, we walk you through various techniques for effectively utilizing the opening range in your trading decisions. We discuss how to interpret price action during this phase, identify key support and resistance levels, and spot profitable breakouts or pullbacks. By mastering these strategies, you can significantly increase your chances of profitable trades.
Our experienced trading expert, Anthony Crudele shares insights, tips, and real-life examples, enabling you to grasp the concept of the opening range more comprehensively. We explore different market scenarios and demonstrate how you can adapt your trading strategies accordingly, maximizing your potential profits while reducing risks.
Furthermore, we provide step-by-step guidance on how to develop a personalized trading plan with the opening range as its foundation. Creating a well-defined plan tailored to your trading style and risk tolerance is crucial for consistent success in the dynamic world of trading.
Subscribe to our channel for regular updates on mastering various trading strategies, including comprehensive tutorials and expert analysis. We strive to equip traders of all levels with valuable knowledge and tools to navigate the markets with confidence.
If you are serious about enhancing your trading skills and gaining an edge in the competitive trading arena, this video is a must-watch! Discover the power of the opening range and revolutionize your trading strategies today.
For more valuable insights and resources, visit our website and join our vibrant trading community. Stay tuned for upcoming videos and be sure to leave your thoughts and questions in the comments section below. Happy trading!
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Nice Vid! I use the 5m and 30m OR religiously as part of my strategy with the NQ. The action around tells so much and definitely helps me frame trades. I love how the OR is a constant refernce point during the trading except one-way trend days. The beauty of the OR is the simplicity of framing actionable trades. I use the vwap with it as well. I will experiment with multiple consecutive day vwaps to see if it plays with NQ. Thanks for the vid!
thank you
Hello Anthony! Thank you for this very helpfull! Question do you keeps olds vwaps or reset them every day. thank you in advance!
I reset them everyday but I’m working on an indicator that does this automatically
Hi Anthony I used 5 MN open range execution 1mn , but it's not okay everyday
Hi Anthony, i got a question. do you think there could be an edge buying or selling the breakout of the first 10m nasdaq new york open? greetings from DR 🇩🇴
I think there can be an edge in anything you have confidence in. It all comes down to execution of that edge.
Hello Anthony also glad to get your tips. As someone I highly respect I have a question for you. Due to my work schedule I’m looking to trade a couple of hours in the pre market. From say 6:30am to 8:30am. Do you think one can be consistent within these couple of hours? thanks for all you do.
Hi Jason, I absolutely think it's possible, but not something I'd recommend. Those hours are lower volume and they can be choppier. My approach for you would be swing trading over multiple sessions. Look into using micros or options for smaller position sizing and widen your timeframe. All the best to you.
thanks Anthony. Really appreciate the reply. Means a lot. Keep up the good videos and good luck trading. @@AnthonyCrudele
Look into the 6J (Japanese Yen) especially, and to a lesser extent, the 6A (Australian Dollar). They usually provide some opportunities this time of the morning for me.
Hello! Could you confirm this! Do you place AVWAP start of the day (Asia session start) and read 3 bars there, or is it US market open AVWAP + 3 bars?
By watching it the second time through and trying it for today it seems to be US open. RTH was an important keynote I missed before!
Hey Anthony, would this approach be applicable to the SPY ETF?
Absolutely