14C--->S11 "Trend from the open.." what that means?

Yes, only intraday charts have an open. A trend from the open is actually a tight channel so you trade it like one, no matter the time frame. 

Posted by: @ludopuig

so you trade it like one

like one what？

@303172979qq-com like a tight channel. 

@ludopuig I got it ,thank you!

Hi Team, 

I am trying to understand how to identify the trend at the days open from the perspective of intraday. If the previous days trend is a clear downtrend and if there is a minor gap down and if the candles are bullish(Please see below screenshot/attachment. I have highlighted the section which I am talking about), then do we consider this just as a pullback of previous day's downtrend trend, or do we ignore previous day's price movement and concentrate only on the current day's chart/price.

Please clarify. 

Thanks.

Harish

Hi Harish,

We never ignore the previous day as it often influences the next day greatly (for markets like the ES at least with clear opens).  As a general rule, after a bear trend day, if there's a big gap down next day, there's often some FT on the open but the expectation is for the day to convert into a TR by the 2nd hour of session. So even if there's a strong bull move like on your chart, the market often begins forming some kind of TR (DB/DT or wedge) anyways as it tries to work its way to the MA. It's very rare to get a V reversal. Then after it reaches MA in TR form, the market then decides in which direction it will continue next. It's usually a 50/50 chance at that point because after >20 bars sideways the probability of future direction is less influenced by the  earlier price action. 

I think it was fair to buy on your chart during the open with strong bull bars for opening reversal and attempt to test COY/close the gap. 

Also, if you see yesterday as a bear trend and expect another bear trend today there's often a retest of BOP after breakouts so it's not surprising to get a PB. 

And if you see today's open as climactic exhaustion after Y's BO of bear CH which is a low probability to succeed then another reason to consider a buy for failure to go down. 

So, there's multiple ways to look at this context (without seeing the bigger chart) and at least for me a buy on the open was OK, even though later in the day it broke to the downside in an attempt to resume the bear trend. I know that's not what you asked but I feel this should clear up some of your confusion regarding the strong  bull move on the open. 

Hope that helped and let me know if you want to discuss more!

Cheers,
CH

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Thanks much for the clarification. Got clarity now on this topic.  

Thanks.