Wednesday’s social media post… for those who missed it:

<image: Market Open Traps>

The link: Market Open Traps – 2

Here’s the “text-book” concept:

<image: Market Open Traps>

<image: Market Open Traps>

<image: Market Open Traps>

The opposite applies as well. Price approaching a level of significant support, breaking lower just prior to or immediately after the open, and then smashing higher and trapping any SHORTS in a losing position.

The trade is of course a YTC Price Action Trader BOF Setup. With the unique twist in that it occurs right at the market open. Again… and again… and again.

Let’s look at the charts.

<image: Market Open Traps>

<image: Market Open Traps>

<image: Market Open Traps>

<image: Market Open Traps>

<image: Market Open Traps>

The original social media post referred to opportunity in NQ and ES.

<image: Market Open Traps>

The concept is not solely for these markets. It applies to all markets which have dedicated “day session” timings. Have a look for similar opportunity in your market.

Happy trapping,

Lance Beggs

PS. Related links:

 


 

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