Simple Day Trading Practice Drills - Where Are We Opening? - Short Explanation

In this video, we walk through a quick and effective daily trading practice drill designed to help price action day traders sharpen their skills.

This is called Where Are We Opening?

📚Chapters
00:00 - Intro
00:15 - 2 possibilities for the open (in or out)
00:35 - 4 Possible outcomes
00:57 - 2 Tests
01:11 - Examples
03:23 - Outro

This simple drill focuses on 2 opening possibilities?
- Opening INSIDE yesterday (YD) range;
- Opening OUTSIDE YD range.

If we open inside YD range:
- Are we behaving like a trading range (TR) - buyers in the lower 1/3, sellers in the top 1/3
- Are we continuing in YD channel

If we open outside YD range:
- Are we failing to breakout and being sucked back in?
- Did we confirm the breakout?

Incorporate this drill into your daily routine by practising 20-50 times initially, then just once daily.

🎯 Happy trading

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