Bonus 3: Trading the Final Hour

Question 1

Al says because of the massive volume at the end of the day, the patterns are more reliable.

Answer 1

But you have to be careful because of quick and big moves.

So stops have to be far.

Question 2

When daily chart is in bull trend, most days have bull bodies.
Many close near the high, often due to rally at end of day.

Answer 2

Bear trend is the opposite.

Question 3

When daily chart is in bull trend, look to buy late reversal up on 5-min chart.
Expecting day to try to close near it’s high.

Answer 3

Bear trend opposite.

Question 4

If the market is in a tight trading range at 12:45 PST, that is a bad end of day trading environment.

Question 5

When the buy the close in a trading range day starts before 12:30PM PST, probably will pullback and is a short.

Answer 5

Question 6

When price has a lot of trading range price action, you always have to be thinking that price will try to the test the open by the end of the day.
Any support or resistance is a magnet at the end of the day.

Answer 6