Observations and key trade times. Why do people trade session open times? Price is too volatile and you can get the direction wrong more often than not. Waiting for the lull stops any doubts you might have to get in line with the market and its true direction, use it as a confluence almost.
Quick video on playing a fade from the current New York session open to the previous day close.
This is a mid-term short play that i spotted on S&P 500 that will most likely play out within a month. This is definitely not a scalp or swing trade. Key levels marked out on chart: 1) 2018 High 2) Quarterly Opens 3) Monthly Open 4) Grey box - Weekly block that provided support previously Bearish Bias: - Monthly Bearish Divergence : Price keep printing Higher...
I've noticed a clear trend leading up to 6:30am pacific time USA stock market open time, I think people are hedging currencies in order to trade in different markets. You can ride it down then up more days than not check profile for more examples
Great to follow the trends in the opening trades... I think this is a good strat, just feel which way the market is going up or down and ride it 2% stop loss.