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don't get me wrong. the us open is very important, but so is the european. the problem is, when the us session opens, have of the action is already over.
I like the initial balance for indexes, but for currencies I prefer fibs and fib confluences.
One trade setup on the ES which has been around for a long time is the symmetrical trade setup when range extention above the IB = range extention below the IB or vice versa.
Does not happen every day but when all the stars are aligned as they were today can gives an opportunity.
I would assume you see this more on days when open around pivot and pa is range bound, I'll watch for it, I actually traded it today just bc it was right
I was more agressive today on the buy side due to what i saw (expectation) on higher time frames. I was looking for a good level to get long. The symmetrical trade setup offered the opportunity. I did not consider the daily pivot in this scenario.