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| Trade entry based on a price break through the first-hour range taps a useful strategy from the futures markets. The high and low set between 9:30am and 10:30am often reflects key S/R for the entire session. Enter positions on breakouts above or below these levels, and fade weak attempts to break them. Common pullbacks often follow sharp movement out of the 1st-hour range. This allows the trader to exercise classic retacement tactics. Occasionally range extremes will set up well beyond the first-hour limit. These also respond to the same breakout strategies. |
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