The open

The Open: Course workbook

Seven lessons on The Open, the rule that trades the morning’s move and is flat by the close: the idea, the rules, the routine, sizing and what a bad year looks like.

The Open, lesson 1: The idea and the research behind it

Why the first part of the day carries information, what an opening range is, and the published research behind The Open.

The Open, lesson 2: Why the morning sets the afternoon

Most morning moves are noise. Why the real ones tend to carry into the afternoon, and how a rule tells them apart.

The Open, lesson 3: The rules

A complete textbook opening range breakout you can test, and how The Open is built, part by part.

The Open, lesson 4: The daily routine

What to check before the open, how calls arrive, what flat means, and how NQ and MNQ compare.

The Open, lesson 5: The second trade

Why the day’s second trade is the one most traders skip, and what it has been worth.

The Open, lesson 6: Sizing for the worst drawdown

Four wins in ten means losing streaks. How to size The Open for its worst stretch, not its best week.

The Open, lesson 7: What a bad year looks like

Long flat stretches, losing streaks and long waits for a new high. What a bad year looks like for The Open, and what we do about it.