Monday's opening range sets the tone for the entire trading week. The speaker warns against trading during Asia's session and Mondays, but says a bullish close gives you reason to take more risk the next day. London's session tends toward manipulation and breakouts, unlike Asia's.
Today closes bullish, though. If today closes really bullish, then tomorrow 100% we can, you know, start taking on much more risk again. That is kind of like the danger of trading on Mondays, because it is the first day of the week. Kind of sets the tone for what's going to happen the rest of the week. And so we call it Monday opening range. And usually we don't trade Mondays for the same reason that we do not trade Asia session Because Asia is the opening range of the day. The Asia range sets the tone for the day. And however price reacts from the Asian range, for example, today you break out of the Asian range. Can look for a continuation if you get a manipulation during the London, which would be the ideal scenario.
