Trading Opening Breakouts & Reversals by Al Brooks
50% of strong moves on the open fail and reverse, by the 18th bar there is a 90% chance that the High or Low of the day has formed. Knowing about these regular patterns as they occur on a price chart will help you to predict future movements. Watch the video below as Al takes you through the opening of the days trading
Al Brooks gave a presentation using a broad selection of slides from the Trading the Open video series in the How to trade price action trading course.
Trading breakouts of the 18 bar range.
Trading failed breakouts of yesterday’s high or low
The Brooks Trading Course, one of the most comprehensive source of information on reading and trading price charts, suggests that you look out for these classic signs when dealing with a breakout pattern on the open of the market.
- 50% of strong moves on the open fail and reverse
- By the 18th bar, there is a 90% chance that the High (H) or Low (L) of the day has formed
- Trading Opening Range breakouts (Breakout Mode opens)
- Trading breakouts of the 18 bar range
- Trading failed breakouts of yesterday’s high or low
Learn How To Trade Breakouts