Opening week range

Check out one of our founders explaining this report in the video below:

The opening week range is the combined high and low of the first part of the week sessions (Monday, Monday & Tuesday, or Monday through Wednesday). This report will tell you three things

1. How often the price breaks the high of the range

2. How often the price breaks the low of the range

3. how often the price stays inside of the range

Now lets look at some live charts so you can understand what i mean. We will use the monday session as the opening range

No breaks in this case are Extremely rare

HOW CAN I USED THIS IN MY TRADING ?

Swing traders are the ones who benefit the most from using this report. Depending on when the break happens day traders could take advantage of using this report. There are a couple of different ways you can use it in your trading :

1. If there is a high chance for a break of the high of the weeks opening range, then look for longs from inside the range.

   
2. If there is a high chance for a break of the low of the weeks opening range, then look for shorts from inside the range.

   
3. If there is a high chance for a break of the high AND low of the weeks opening range, then wait for the first break and look for a trade in the opposite direction.

   
4. If there is a high chance for no break of the high or low of the weeks opening range, then short the top of the range and long the bottom of the range.

   

These are four ways you can use this report to find trades. You can also pair this report with others in the swing trader reports section to find trades that fit your strategy