Follow up from yesterday's post for US Futures, but same concepts apply for ALL assets in any market.
See this example from the action this morning.
DAX hasn't yet settled beneath the US Session Open, clearly indicating current pressure remains up.
Yet the range potential on a push higher or lower is nice and wide. For these cases I tend to prefer to play the reaction to the next move, not predict the move itself. If you're scalping, you can use the smaller timeframe session open such as 5 minute as a guide for 'in the moment' pressure, but always keep these bigger sessions in mind and where you are in relation to them.
Reference my earlier posts from yesterday and this morning for ES for more info.
See this example from the action this morning.
DAX hasn't yet settled beneath the US Session Open, clearly indicating current pressure remains up.
Yet the range potential on a push higher or lower is nice and wide. For these cases I tend to prefer to play the reaction to the next move, not predict the move itself. If you're scalping, you can use the smaller timeframe session open such as 5 minute as a guide for 'in the moment' pressure, but always keep these bigger sessions in mind and where you are in relation to them.
Reference my earlier posts from yesterday and this morning for ES for more info.
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