PRICE ACTION TRADING: HOW TO TRADE THE OPEN ✅

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Different Open Types. The Open can be a lucrative time to trade but it can also be an absolute death trap. What we don't want to do is to chase the open... What are the different Open types? OK.

So if you have the discipline challenge or you're inexperienced the open will just exaggerate your weak points. There is nothing wrong with waiting until things have stabilised.
You don't need to trade the open but for those looking to improve their trading during these times - this video is for you.

Open Drive - start off and rip in one direction. Assuming you've identified momentum you need to find a point where you can express that continuation of momentum with a structured trade. At the end of the day this is a good test of your discipline.
Open Test Drive the speed of the move back in the direction of the trend
Open Auction - I tend to avoid these
Open Rejection Reverse

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[michaellynch]

This is literally my favorite method to trade. It weeds out every bad decision I made after the first 15 minutes. Lately I’ve been putting my orders in an hour before the open, and hedge it back if it wants to give me a hard time during the first 15 minutes.

[DIYerGirl]

This was so timely. I've been trading mostly the open of the US market, and I noticed various patterns in the first two hours - you gave me a leg up in articulating what I've been seeing. I'm paying much closer attention to my entry and exit points. Thank you!

[mohbulletproof]

This is what I needed. I need to rewatch this 100 times to get it down. I am a sucker for the open lol

[Waywaters]

dear in headlights syndrome is what i struggle with THE TIME when trading

[FullFinnoy]

41 seconds ago... Mark you have made my trading so much more constructed. Thank you for your work!

[AB-unyr]

Excellent run down of some key psych lessons Mark! The part about allocating maybe 50% of DLL to the open, I’ll implement that TY!

[Peter_Potato]

You can make huge leaps on these vague hand-drawn charts if you research real charts in the context of daily/ weekly gaps, highs and lows of previous several days whether the market has already been on a stop-hunt prior to the open. You could also benefit from comparing similar live instruments, are they acting similar or going opposite e.g. FTSE and Dax will produce fake opening moves sometimes in opposite directions in the first 15 minutes. Start by learning where there's most likely to be stops, i.e. above previous highs and below previous lows. The volatility at the open means you can't afford to be married to one side. You need to be the type of trader who can switch direction in an instant without hesitation.

[t_barraca]

Awesome analysis!! Thanks Mark for your constantly training, one more time.

[srtrades]

I don't know if you take questions anymore, i hope you answer this one in one of the coming videos.
I take short term trades for 15-30 mins. I add to my positions when it's going in my direction, have had good profits doing this. But one thing i want to ask, how to manage that big position when the price starts to oscillate around a zone or starts coming in opposite direction?
PS: Thank you for your work. Love your videos, Mark

[DavidBurroughes]

Thanks Mark great video again love the white board so easey to unstand

[ukspreadbetting]

👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to (remove the AT and substitute by @).

[JibasJr]

Nice video. Why don't you usually show charts?

[hardsignal]

open is ridiculous give me a break the worst