Session Preparation
What happens in the minutes before the market opens decides more of the session than most traders give it credit for, because reacting to a price move without first checking what else is scheduled to cause it is a specific, avoidable kind of unprepared. Know what’s scheduled before price tells you Checking which data releases, earnings, or central bank speakers are due for the instruments being traded turns a sudden move into something explainable instead of something that looks like the market simply going strange. A GER40 trader who knows German PMI lands at 8am reads the pre-market move very differently to one who doesn’t, and only one of them is in a position to judge whether a setup that appears right after is worth trusting. ...