Trading Opening Breakouts and Reversals
Al Brooks gave a presentation with futures.io using a broad selection of slides from the #48 Trading the Open video series in the How to trade price action trading course. Here is the full webinar replay, including an extensive Q&A session at end from 45mins:
Webinar topics
- 50% of strong moves on the open fail and reverse
- By the 18th bar, there is a 90% chance that the H or L of the day has formed
- Trading Opening Range breakouts (Breakout Mode opens)
- Trading breakouts of the 18 bar range
- Trading failed breakouts of yesterday’s high or low
Presentation date
- Date: Tuesday 17 October, 2017
- Time: 4:30pm Eastern Time USA (1:30pm PST)
Webinar slides
For your reference, here are the complete set of presentation slides:
Futures.io Opening Reversals Webinar Slides [PDF file, 2.3MB]
thanks for the recording
Hi Al, your videos just get deeper and deeper, and more and more lucid in their presentation … re today’s:
On a gap day, are the odds of HL the day in by bar 18 any different ? I’m thinking about prolonged tests that gaps seem to receive.
Or maybe the question is whether the odds of a breakout of bar 18 are lower on a gap day, considering that the day is begun with a very large move ?
I believe that the odds are the same for all days. There is a 20 – 25% chance that the 1st bar will remain the H or L for the day, and a 90% chance that the day has made either its H or L by the C of the 18th bar. When the range is very small for the 1st 18 bars, there is a higher probability of a failed breakout of the 18 bar range and then an opposite breakout. However, after an 18 bar breakout, especially if it is more than 2 ticks, there is a 70 – 80% chance that the market will not go beyond the opposite extreme.
Thanks Al.
Hi Al,
Can you have a few slides on trading 10yr Notes as well for Opening BO and Reversals? Thanks Daniel
Hi Richard,
I believe the date on this is wrong. When I click on the registration link, it shows the actual date of the webinar as Tuesday, October 17th. That date is also what is listed on the futures.io website.
Have a good day!
You are correct and I fixed it for Richard.
Thanks Alan, and Al,
The supplied registration link converted webinar date to local time, which is why Wednesday 18 got used! 🙂