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Re: Trading The Open
Reversals often take place in the opening 5-10 minutes as well. It seems as if the markets want to test one level to see if there are enough sellers or buyers. When they are not present... it will then reverse.
The opening to the point of reversal is a scalp play. Im currently working on timing these reversal points as I tend to get in at a much higher/lower price.
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James Lee
TradersLaboratory.com
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