The Open Drive Strategy Explained - Trade Strategies | Axia Futures

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This trading strategy session looks at two variations of the open drive strategy with execution using the footprint chart. Brannigan notes that the key feature of the open drive strategy is that it takes place straight off the open of the cash market. Essentially this is caused by a large time frame participant having decided prior to the open to execute in one direction and needs the liquidity provided by the cash session.
A summary of the distinct variables to be aware of when executing the Open Drive Strategy are:
- Liquidity takers
- Delta accumulation
- Volume increases
- Price direction
- Waves determined by liquidity provisions
Brannigan then reviews two examples and variations of the open drive strategy in the S&P 500 from 17 September 2018. The footprint trading tool is of great value when executing this strategy as it helps determine which of two types of open drive are taking place.
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[@ajanthaperera3901]

The discussion about delta here is great, really useful

[@AxiaFutures]

Thank you for watching the video, we love hearing feedback!

[@vincenzomaria2330]

great teacher

[@GROSSFAN-dp9vn]

Thank you so much for this continent

[@jayviz]

Excellent and very thought-provoking video. I'm especially curious about the part where you show a bull flag ( a pause in the upward drive) and describe it as a lack of limit orders on the book. But if there were a lack of passive sellers there, and an abundance of aggressive buyers, it seems price would sweep even higher. Can you help me understand why it wouldn't?

[@Jyayo]

Amazing thanks bro!

[@AxiaFutures]

Cheers Jyayo!

[@estivenmarte5193]

around what time do you know that we are in an open drive market?

[@TheEmanue1]

Happy to see great content about profile market :). What software do you use?

[@ronkim1416]

he is using "Market Delta" charting software, they have gone out of business but you can find other people that sell similar type charts some times called "bid ask" or volume delta or spread and market profile charts are pretty ubiquitous you will likely have to pay for brand Market Profile the generic version would TPO charts

[@gohn_galt7056]

What is cash session? When does it start?

[@AxiaFutures]

Cash session is different for each product. In regards to EMINI S&P500, it starts at 3:30PM CET which is 9:30AM ET.

[@gohn_galt7056]

@@AxiaFutures thanks. Appreciate it

[@michaelxz1305]

half of the reason why i watch these videos is because i can't figure out what the accent is lol... if i had to guess i'd say south african but i really have no clue

[@euroniard3417]

Barret is indeed from SA