Opening Range Chop

I’d like to expand upon Wednesday’s social media post. And share it via the blog and newsletter to ensure this gets to a wider audience.

Because it’s an important concept. One I believe critical for your trading success.

Part of good trading comes from quickly identifying and avoiding those price sequences which contain potential to destroy your edge.

Opening range chop is one area that provides me with an instant WARNING sign.

Let’s step through my thought process during this rather challenging (and somewhat frustrating) opening sequence…

Repeating the key point:

Part of good trading comes from quickly identifying and avoiding those price sequences which contain potential to destroy your edge.

Opening range chop is one area that provides me with an instant WARNING sign.

Spend some time to think about what price sequences cause you to typically underperform. And consider implementing plans to stand aside or limit engagement, until price has broken clear into more favourable conditions.

Happy trading,

Lance Beggs