Zen Trading Tech

1. Concept
2. Examples:
3. Open: Yesterday Magnet – 2nd attempt BO of YD H
4. Open: Yesterday Magnet – 2nd attempt Failed BO of YD H
5. Open: Yesterday Magnet 2nd attempt BO of YD L
6. Open: Yesterday Magnet 2nd attempt Failed BO of YD L

Concept

A common pattern on the open is a reaction to the OHLC of yesterday’s price action.

In particular, the High(H) and Low (L).

This is not a surprise considering every bar on the chart is testing the H and L of the bars before it.

The market will often attempt something twice – see 2 attempts – and then do the opposite.

This helps find an opening swing trade.

Examples:

• 2nd attempt BO of YD H
• 2nd attempt Failed BO of YD H
• 2nd attempt BO of YD L
• 2nd attempt Failed BO of YD L

Open: Yesterday Magnet – 2nd attempt BO of YD H

Open: Yesterday Magnet – 2nd attempt Failed BO of YD H

Open: Yesterday Magnet 2nd attempt BO of YD L

Open: Yesterday Magnet 2nd attempt Failed BO of YD L