Trade Syndication · Session opens · Monday, Oct 12
Session opens on Monday, Oct 12: EUR/USD broke lower from its London range
Each market’s first 30 minutes as its opening range, the first close outside it, and the two hours after.
At each session open (London and New York) we take a market’s first 30 minutes as its opening range, then look for the first 5-minute candle that closes outside it. These are the markets that broke out on Monday, Oct 12, ranked by how far they ran in the two hours after, measured against the size of the range itself. Opens follow the local clock (Tokyo 09:00, London 08:00, New York 09:30); times are New York time.
- ▼ EUR/USD London open: broke lower at 04:05 ET, −0.19% (3.0× the range)
- ▼ Gold London open: broke lower at 03:55 ET, −0.33% (2.7× the range)
- ▲ USD/CAD New York open: broke higher at 10:15 ET, +0.15% (2.5× the range)
- ▼ Silver London open: broke lower at 04:05 ET, −0.61% (2.4× the range)
1. EUR/USD broke below its London opening range at 04:05 ET and ran 3.0× the range (−0.19%)
| Opening range | 0.06% (London 03:00 ET, first 30 min) |
|---|---|
| The break | 04:05 ET (a 5-minute close below) |
| Past the range | −0.19% (3.0× the range) |
London opened at 03:00 ET. In the first 30 minutes EUR/USD traded a normal 0.06% range (1.12009 to 1.12079), 0.9× its usual opening range.
At 04:05 ET a 5-minute candle closed below the range, and over the next two hours EUR/USD ran as far as −0.19% past it, 3.0× the range itself.
Two hours after the break it stood −0.16% from the range low.
The breakout, replayed through the desk
A sell on EUR/USD at 04:05 ET, on the first 5-minute close below the opening range, out at 06:05 ET, 1 contract: a $15 fee, the desk up to 100% behind it, $49.66 earned. (Hypothetical: real prices replayed through the live engine, not a client result.)
2. Gold broke below its London opening range at 03:55 ET and ran 2.7× the range (−0.33%)
| Opening range | 0.12% (London 03:00 ET, first 30 min) |
|---|---|
| The break | 03:55 ET (a 5-minute close below) |
| Past the range | −0.33% (2.7× the range) |
London opened at 03:00 ET. In the first 30 minutes Gold traded a tight 0.12% range (4,182.65 to 4,187.80), 0.5× its usual opening range.
After a false start lower at 03:45 ET, at 03:55 ET a 5-minute candle closed below the range, and over the next two hours Gold ran as far as −0.33% past it, 2.7× the range itself.
Two hours after the break it stood −0.27% from the range low.
The breakout, replayed through the desk
A sell on Gold at 03:55 ET, on the first 5-minute close below the opening range, out at 05:55 ET, 1 contract: a $15 fee, the desk up to 100% behind it, $49.47 earned. (Hypothetical: real prices replayed through the live engine, not a client result.)
3. USD/CAD broke above its New York opening range at 10:15 ET and ran 2.5× the range (+0.15%)
| Opening range | 0.06% (New York 09:30 ET, first 30 min) |
|---|---|
| The break | 10:15 ET (a 5-minute close above) |
| Past the range | +0.15% (2.5× the range) |
New York opened at 09:30 ET. In the first 30 minutes USD/CAD traded a normal 0.06% range (1.42547 to 1.42632), 0.7× its usual opening range.
After a false start higher at 10:05 ET, at 10:15 ET a 5-minute candle closed above the range, and over the next two hours USD/CAD ran as far as +0.15% past it, 2.5× the range itself.
Two hours after the break it stood +0.15% from the range high.
4. Silver broke below its London opening range at 04:05 ET and ran 2.4× the range (−0.61%)
| Opening range | 0.26% (London 03:00 ET, first 30 min) |
|---|---|
| The break | 04:05 ET (a 5-minute close below) |
| Past the range | −0.61% (2.4× the range) |
London opened at 03:00 ET. In the first 30 minutes Silver traded a tight 0.26% range (60.84 to 61.00), 0.6× its usual opening range.
At 04:05 ET a 5-minute candle closed below the range, and over the next two hours Silver ran as far as −0.61% past it, 2.4× the range itself.
Two hours after the break it stood −0.24% from the range low.
A clean break of the opening range is a setup you can plan for. You take the trade. The desk puts its own capital behind it, steps up as it proves itself, and pays you 90% of what that capital makes.
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Prices are from our market data feed; times are New York time (ET), and a day runs New York 17:00 to 17:00. This is market information, not investment advice or a recommendation to trade. Past moves do not predict future ones, and trading involves risk of loss. Economic releases, forecasts and actual figures are from the Forex Factory calendar. Where a trade is shown “replayed through the desk”, it is hypothetical: real market prices replayed through the live Trade Syndication engine at 1 contract. It illustrates how the desk allocates and pays; it is not the result of any client, and earnings can be zero.