How to read opening:
When ever u saw gapup or down keep close eye on first 15mins orb breakout or false breakout, mostly mkt trendy.
Opening inside previous day mean 68% 1sd chances of sideways day as per history, once sustain above or below previous day range can be trendy.
Now if anyone interested in short straddle (ss) only.
Opening insider best day 2 trade as we know probability of winning high but keep mind yesterday range break and sustainable 30mins can be trendy.
In gapup/down situation as we know trendy day ss not recommended 4 day trade.
If want to play either strangle or straddle.
Please maintain overall stop at sideways day and individual side stop in trendy day and after one side stop hit move stop c2c another side.
Trade smart not hard!
If insider day but previous day range big, then after 12 o'clock if sustain day high or low for 30mins then also can be trendy.
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