Notes
- After a large range day, the price action of the AM session can be terrible, so it is worth waiting for the PM session, where the chances of forming a high-probability setup are much higher.
- The VWAP indicator is useless, just like moving averages.
- The midpoint (Consequent Encroachment) of the Opening Range Gap is significant. 70% of the time, the price tends to return to this level between 9:30 and 10:00 a.m.
- Journaling and documenting observations are vital for developing a deeper understanding of market behavior. Taking screenshots of key price action events is crucial.
- Patience, discipline, and emotional control are essential for managing risk and maximizing profits.
NQ - Opening Range Gap
NQ Trade Examples - First Presented FVG And Reclaimed FVG
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