Opening 5-Minute Candles …

Many retail traders make the mistake of trading at the opening of the markets at 9:30am thinking that they “know” what the markets are going to do for that day.  Occasionally, markets will trend from the opening tick, but that is the exception rather than the rule.  I have a screen on one of my 6 monitors that tracks the stocks I typically will day trade.

You can see that for the most part, waiting for the first 2 or 3 five-minute candles.  Back a few years ago, I wrote an educational PDF about how I try and trade the opening 5 and 15-minute time periods.  I will place it back under the Educational tab of my new blog site once again.  Here is a link to the PDF …

 

 

 

 

 

 

 

 

Cheers … Leaf_West

Leave a Reply