Narrow-range half-day holiday sessions provide great structure from which we can trade.
We discussed this idea previously. You might recall this social media example from June.
Zooming into the 30 minute chart from that prior (June) example, we see how the narrow-range session provides both directional preference and setup locations.
I’m not a fan of trading holiday sessions.
But I love the day after, which provides absolute clarity over what direction I should be trading. And levels I can lean against for these trades.
So last week provided a unique situation… two half-day sessions back to back.
The good news is the same concept applies.
The normal plan is to project the range high and low forward. And treat it much like an “opening range†which will influence our trading over the following sessions.
This time there is a slight variation.
At least until the market proves otherwise.
So let’s trade…
And now the 1 minute chart as the session gets underway.
Yeah, I get that you want to see it simple and easy.
But that’s not how price works. The reality is that it will often be a mess of tests, retests, probes and all manner of other mind-fuckery designed to try to shake you out of the position.
Accept it. And find a way to work with it.
Still… the concept is simple.
Extend the narrow range holiday structure forward.
Use it to establish a bigger picture preference – LONG above and SHORT below.
And use it as an area to seek trade opportunity.
Price will not want to remain in this tight narrow range. It wants to expand higher or lower. Find a way in and ride with it.
Happy trading,
Lance Beggs
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