Monday, February 15, 2010

Trading the Opening Range

After going back to reading classic posts from TraderX -Wall Street Warrior and Maoxian (cant wait for his site to get back up a running) - i am  focusing my trading on the opening range (the first 30 minutes from the opening bell).

Couple of things that i am looking for (15 minutes Charts):

1- High Gap from previous day close (+2%)
2- Blue sky above
3- 2x usual volume
4- No trading before 10:00
5- Looking for consolidation bars