Michael Petryni
Apr 27, 2023

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You don't know. The trade is much more complicated than the open signal. You need an additional indicator you trust to confirm the low and discipline because it still gets stopped out on new lows a lot. But when it works it can be spectacular.

Better to stick with the simple above the open signal for both the calls and puts with a stop loss you can live with.

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Michael Petryni
Michael Petryni

Written by Michael Petryni

Journalist, film critic, screenwriter, proprietary trader seeking simplicity in trading. https://thegodoftrading.medium.com/subscribe

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