Same Rules…Different Markets

While I appreciate the visits and readings of my daily rantings, some of you may be asking, why should I read this if I don’t trade the TF?

Simply put, my rules for trading can be applied to any equity or future on the market. Waiting for the open of the 25m Open Range, in concordance with the Heikin Ashi Range bar chart on a 5/34 EMA crossover, can keep you in the trade that much longer.

Daily, weekly, monthly pivot lines all go in to long and shorter term targets, including the use of Fibonacci extensions and Camarilla pivots.

Though I don’t reflect on these daily as my philosophy as a single trader is to focus on 1 market and 1 market only; get to know it well and become your own expert in it, and this is what I do. 

Below you will find some examples of different markets where the 25m Open range can be used to gear your entries and trade management. As always, it’s important to trade with a physical stop.

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To calculate the 25m Open Range

SET chart to 5 min

1. Identify the close of the 5 minute bar (9:25est) prior to market open
2. Identify the close of the 25 minute bar (9:50est) after the market open
3. Identify the highest price of the 25m open range
4. Identify the lowest price of the 25m open range.

**Note: If the future has a different open adjust accordingly to 25 minutes before the open of that particular market

Arrangement of charts on Quad

Upper Left: 25m Open Range on a  5 minute bar

Upper Right: Heikin Ashi, 25m Open Range, 5/34 EMA

Lower Left: Daily Pivot/Support/Resistance lines

Lower Right: 1 hour open range with support/resistance lines

AAPL

AAPL

Break above/below 25m Open range on any given day, avoiding price action within the range

Crude Quad

Crude Quad

Patience on Crude, a volatile market in itself was manageable with the open range

Crude Weekly

Crude Weekly

Each day presented itself with a small opportunity

ES Quad

ES Quad

Sell off like the other indexes following suit, waiting on the 25m open range, was profitable tot he short side.

ES Weekly

ES Weekly

Chop inside days until the breakout was patience 

GC Daily

GC Daily

Several good opportunities above and below. Anything else…sitting and waiting.

NQ Daily

NQ Daily

NQ Weekly

NQ Weekly

Similarities like the ES, chop inside until movement above or below the 25m Open range presented profit

YM Quad

YM Quad

YM Weekly

YM Weekly

Like above, NQ and ES

ZS Quad

ZS Quad

The quad view keeps you in check with targets above. Not shown would be monthly/weekly pivot lines.

ZS Weekly

ZS Weekly

Not the usual as there tends to be some momentousness days, range bound trading keeps you in line until the breakout.

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