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One of the markets that I trade regularly is the DOW, I trade the open and anything just after that for the next 30 minutes or so. I find it a great market to trade on most days.
Today I decided to record my opening trade so that traders get more incites into the method that I use. The strategy involves a handful of rules that prohibit me from taking trades in certain circumstances and give me a definite entry when conditions are right. I stick to my rules and so should you.
When markets open the adrenaline is rushing in our body and we want to trade, we look at the candles and we see opportunities that we potentially missed however if a system that we are trading says 'no' then in fact there is no opportunity and nothing is lost.
I regularly miss trades that I could have taken and I have learned that this is ok as long as the chances I do take stack up properly. This is why I am profitable as a trader.
Watch as I take my first trade of the open. I announce my intention prior to taking action, I wait for the signals to develop and I pounce. In and out in less than a minute.
I do hope that you find this useful to watch.
