The setup from the "one candle" Reel: the first hour after the New York open, why the 1-hour chart draws it wrong, the grab that closes back inside, the 5-minute gap entry, where the stop really goes, and the three ways to skip. This free lesson covers: The one candle, What time is the open?, The 1-hour chart trap, Mark the range, Wait for the grab, Grab or breakout?, Target and entry, Where the stop goes, Work it out, Three ways to skip, It’s 12:20, Put it together.
Going deeper
This lesson is the long form of the “one candle” Reel. Its chart is illustrative US30 prices in New York time: range 42,060–42,300 from the 9:30 and 10:00 thirty-minute candles, a 15-minute grab to 42,032 at 11:15 that closes at 42,088, a 5-minute gap 42,092–42,112, entry 42,102, stop 42,024, target 42,300. The 1 : 2.5 in the steps is recomputed from those prices.
The setup has not been backtested here. Treat the steps as the rules to test on your own charts, not as a proven edge.
It is a close cousin of the 10 AM Trap lesson — both trade a fake move out of a morning range. The difference is the range: here it is the full first hour, marked from candles that start at the open, and the trade can wait until noon.
Take only the first grab. If the trade is stopped out, the setup is done for the day rather than flipping to the other side.
The gap is the confirmation that buyers (or sellers) actually stepped in. Entering on the grab candle itself means guessing before that shows up — and if no gap forms, there is no entry.
The timing is tied to the New York session, so it suits US indices like US30, NAS100 and US500. It has not been tested here on any market — check it on yours first.
Strategy Playbook · Learn · Step 1 of 12 · about 4 min
The first hour after the New York open — 9:30 to 10:30 — sets a range. Later in the morning, price often fakes out through one side of it and then heads for the other.
This lesson marks that range properly and trades the fake-out.