Trading First-Hour Breakouts by Ken Calhoun
It is well known that as soon as the markets open, there’s a significant amount of trading activity, much of which is strong breakout patterns. How do you identify which of these patterns are strong enough to continue and generate successful trades? Find out here.
Many of the strongest breakout trade entries can be found using specific chart patterns that you can see during the first hour of each trading day. When you’re looking for successful breakout trades, it helps to visually scan for these technical trade setups during the market open for potential swing and intraday trades.
One reason these patterns work so well is because institutional traders enter high-volume “market on open” client orders during the first few minutes of each trading session, which leads to rapid breakouts that you can capitalize on...