Open Auction Outside Range (OAOR) – the price opens outside the previous day’s value area and is traded within the range around the opening.It doesn’t move outside the previous day’s value area. Open Auction In Range (OAIR) – the price opens inside the previous day’s value area and is traded in the range around the opening.The price initially moves in a focused manner then sharply reverses and moves in the opposite direction. Open Test Drive (OTD) is very similar to Open Drive.These are non-trend days but it is less risky to trade since the range usually expands in one direction Open Rejection Reverse (ORR) – the price opens above or below the previous day’s value area but falls back.According to statistics, there are less than 10% of trend days in the market and patient traders receive a bigger profit. As soon as a trader identified Open Drive, he should stay with the market rather than try to trade against it. Open Drive (OD) – the price opens above or below the previous day’s value area and moves in a focused manner during the trading session without significant rollbacks.The trading session opening could look as follows: In other words, this is the time when the Initial Balance is formed. The trading session opening is the first trading hour from the point of view of the Market Profile. If traders take into account different types of the trading session opening, they could plan their time and focus on trading when the exchange opens. Other traders believe that it is very profitable to trade on the opening – you just need to have certain skills and a clear plan. Some traders believe that it is very difficult to control risks on the trading session opening, because volatility increases. It happens because some futures contracts (for example, oil, gold, EUR/USD currency pair, etc.) on the Moscow Exchange closely follow the similar futures in the American and European platforms. The biggest volumes on the Moscow Exchange take place during morning hours and during opening the American trading session. For example, activity also increases after publication of important news or on closing a trading session. We will not give you a magic recommendation but will tell you what types of openings exist and what trading strategies are used by traders.Īs a rule, the first hour of a trading session is the most active time.
There is no one single opinion among traders with respect to whether it is profitable to trade on the trading session opening or not.
0 kommentar(er)
