Al presented a workshop at the TradersEXPO in Las Vegas, on Friday, November 3. Al’s talk used slides from the upcoming Trading Different Times of the Day section of the Brooks Trading Course.
Trading the Open
- High or low usually comes early
- Most days have early Trading Range, then Breakout
- Gap openings: 4 trends
- Flags on the open
- 2nd entry reversals
Al recorded a full, new audio soundtrack for the presentation and you can view the complete video below. All slides are from the Brooks Trading Course “Trading the Open” videos (#48A-#48D).
Duration: 47min 29sec — Expand video to full screen for best results.
MoneyShow event video
Duration: 52min 45sec — Q&A from 46min 40sec.
You can download the full presentation PDF here:
Al Brooks TradersEXPO Las Vegas Trading the Open presentation
I think Al’s Trading the Open, and also the one presented as part of Futures.io, is a pivotal video in the series that he is producing. I can say for sure that it has improved my trading, as I have a lot more confidence in where possible high or low of the day might be, and that provides me a bias as well as possible stops for the day.
Thanks Alan, video up.
Sadly, only marginal improvements in MoneyShow PA system and video production quality from last year.
I was at your Las Vegas presentation and thought it was great.
Have you done studies regarding the opening gap (between yesterday’s close and today’s open) and it’s probability of it closing with in the first hour based on its size / and context of first few bars?
I have spent over 10,000 hours testing all sorts of ideas, including many regarding gap openings. In general the bigger the gap, the more likely the day will be a trend day, and the more likely the trend will be in the direction of the gap. However, any big move on the open, in general, has a 50% chance of reversing. That includes gaps, but to a lesser extent. A big gap might have a 45% chance of closing. If it is big, it might take several hours to close.
Would it be possible to produce a table listing all the trading formations probabilities in percents mentioned in all your videos?