What The Market Open Tells You! Part 1 🔍

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What The Market Open Tells You! PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Useful trading clues from the open - Part 1. This is of particular interest to day traders but should also be useful for swing traders if you are looking for that extra edge where you think where momentum may start.

The Open is key to the trading day. The Open here can be for indices, equities and even for currencies. At a specific time point in all these markets something additional is happening i.e. say options are starting to trade, open outcry if you're talking about commodities, other markets are opening..etc

Price Action Trading: What The Market Open Tells You!
In this video we are trying to take cues from the Open to see where the market could possibly go for the rest of the day or how the market is going to behave. In fact, the market oOen is actually very useful for us.

1) Position - the position of the Open. Where is the position of the Open relative to prior days' trade, relative to the prior week's range, relative to anything significant price-wise in the past. What is it telling us about demand?
2) Range - we are looking at the Opening Range. Some say this is the first 15 min, others say its the first 30 min of trading..etc But it doesn't really matter much as long as you're keeping a benchmark

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Related Videos in the Price Action Trading Series
What is Price Action Trading? ☝
https://www.youtube.com/watch?v=-pCePkAHcqw
What The Market Open Tells You! Part 1 🔍
https://www.youtube.com/watch?v=du0521KDJqk
Useful Trading Clues from the Market Open Part 2 🍳👌
https://www.youtube.com/watch?v=idDRo-L_OvM
What The Market Close Tells You! Part 1 🔍
https://www.youtube.com/watch?v=vzX50IJhwag
Useful Trading Tips From the Market Close Part 2 🔍
https://www.youtube.com/watch?v=QIbMKnaYBSY
Trading Clues From a Large Daily Range 👌
https://www.youtube.com/watch?v=nOKe5wG4AC4
Trading Clues from the Overnight Session Part 1 🔍
https://www.youtube.com/watch?v=l4eW9I7mrLw
What Overnight Price Action Can Tell You Part 2 🍳👌
https://www.youtube.com/watch?v=EAM8qO6MYvQ

Видео What The Market Open Tells You! Part 1 🔍 канала UKspreadbetting