Trading in the first 5mins is like trying to grab an alligator by the tail and just getting filled with my broker would not always be easy with requotes. But regarding gaps for US stocks in S&P500 a little study once showed (no explanation from me so DYOR as to validity or usefulness):
AP, I watched your webinar. Good stuff. Did you arrive at the fib levels purely based on institutional trading info or is there math logic to it as well? 500 + % also seems to be roughly a 5 minute opening bar stretched into hourly bars range multiplied by hourly bars in a day...ultimately arriving at a daily range estimate Thanks! BD
are you still trading for money jack. when you really learn how to trade and why our markets exist, you begin to trade to keep our world markets free from alien / hostile ejectmentation. Our markets must be kept properly libated during their natural hangover fractals.
I only place my trades within the first hour of the market open however 60% of my trades are placed at the close of the first 5 minute bar. I currently only trade CL, NG and YM but my product list does change periodically. I never have a problem with fills and I only use stop limit orders for entry and exit.