Open Auction In Range - futures trading

Go Back

> Trading Wiki > Terms (Glossary)

Open Auction In Range

An open auction in range occurs when the market opens within the prior day's trading range and trades with little to no directional conviction. The market continues to auction around the opening price until there is enough information or conviction to break from balance.

This type of opening suggests that as of the open there is a temporary consensus within the market. With regard to strength and conviction, an OAIR is the weakest of the five opening types.
This article is a stub. Please edit the article to improve it and add additional details.

There are not currently any references cited in the article.

Created by  omni72 , April 27th, 2012 at 10:14 PM
0 Comments, 2,577 Views
Page Tools
Search this Page

Posting Rules
You may not create new articles
You may not edit articles
You may not protect articles

You may not post comments
You may not post attachments
You may not edit your comments

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

All times are GMT -4. The time now is 09:36 PM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.

Page generated 2016-10-24 in 0.08 seconds with 28 queries on phoenix via your IP