to wait out the 1st 15 minutes of trading before putting on my
conditional trades.
Seems like many setups do a head fake higher (crossing the
breakout point) at the open, then quickly turn lower. Have
made and saved a ton of $$$ sitting tight for a few minutes rather
than place my conditional instructions prior to the open.
Thoughts on this waiting strategy (especially in a non-trending
market)?
I've noticed in recent weeks it has been prudent....
Posted by RichieD on 11th of May 2016 at 10:27 am
to wait out the 1st 15 minutes of trading before putting on my conditional trades.
Seems like many setups do a head fake higher (crossing the breakout point) at the open, then quickly turn lower. Have made and saved a ton of $$$ sitting tight for a few minutes rather than place my conditional instructions prior to the open.
Thoughts on this waiting strategy (especially in a non-trending market)?
Yeah - the first 30
Posted by varmercur on 11th of May 2016 at 10:34 am
Yeah - the first 30 minutes can be fake signal/distortion I would say
Richie - that's usually prudent
Posted by steve on 11th of May 2016 at 10:32 am
Richie - that's usually prudent unless something really stands out.