Where is the Open? ft. Toby Crabel

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Timestamps



01:40 – Introduction to Toby Crabel and his career03:01 – From tennis to trading and early market exposure06:10 – Opening range breakout and early momentum edge08:04 – Why momentum strategies have deteriorated over time14:21 – The disappearance of the “open” in modern markets17:53 – Are markets changing or just the participants20:34 – Liquidity events and large player behavior24:14 – The role and limits of technical analysis32:44 – Model decay and adapting systematic strategies39:17 – Execution as a primary source of edge40:40 – AI, automation, and the future of trading51:18 – Effort vs result and the meaning of volume56:56 – Are we entering a 1970s style macro regime?
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