The Open Drive Strategy Explained - Trade Strategies | Axia Futures

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This trading strategy session looks at two variations of the open drive strategy with execution using the footprint chart. Brannigan notes that the key feature of the open drive strategy is that it takes place straight off the open of the cash market. Essentially this is caused by a large time frame participant having decided prior to the open to execute in one direction and needs the liquidity provided by the cash session.

A summary of the distinct variables to be aware of when executing the Open Drive Strategy are:

- Liquidity takers
- Delta accumulation
- Volume increases
- Price direction
- Waves determined by liquidity provisions

Brannigan then reviews two examples and variations of the open drive strategy in the S&P 500 from 17 September 2018. The footprint trading tool is of great value when executing this strategy as it helps determine which of two types of open drive are taking place.

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