Part of our weekly Q&A series. We began the discussion with a look at our morning routine, how to build option trades with the profile, and what the difference is between session volume and orderflow delta. Then we opened the floor to additional questions. Additional questions asked and answered: Why do you like NQ over ES? Will the market fill the gap? What’s the average volume in Crude? Do you …
Part of our weekly Q&A series. Breakout trades! Breakout trades occur when we take a trade in the direction of range extension. There is a great example of this exhibited in this discussion. We began the discussion with a look at a breakout trade in Nasdaq futures. Then we opened the floor to questions. Additional questions asked and answered: What are you looking for taking a trade? I mean what …
Take a look at this pre-market chart of Nasdaq futures: NQ (Nasdaq futures) are gapping (A gap is where we open completely outside the range of the prior session) into what we call an “extreme posture” in this chart. Nothing says short here yet, but this configuration does tell us it is getting late for longs in the day time frame and we should be careful about buying this gap higher. …
Part of our weekly Q&A series. Triggers. Triggers are short time frame price action arrangement patterns we use to help us minimize entry risk when we enter a trade. We began the discussion with a look at how we use triggers when we come into an area of interest based on the profile. Then we opened the floor to questions. Additional questions asked and answered: Do you consider any pit …
Part of our weekly Q&A series. Patience. Patience in trading is an edge. The challenge is in knowing what you are being patient for. We began the discussion with a look at how we use the profile to help us be patient traders. Then we opened the floor to questions. Additional questions asked and answered: How do you measure gaps? What is the difference between means reversal vs pull-back trades? …
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to determine the context of the auction. Then we opened the floor to questions. Additional questions asked and answered: What statistics does IRT provide for Profile, say for the ES? I know you have provided a 17% number for 1.5XIB for example. What timeframes context (5 days, 20 days or 6 …
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to set a bias for the coming session. Then we opened the floor to questions. Can you look at crude for today? Where do you start the ER? Where is the MC-VPOC in that current balance are on CL? What is the best way to trade a trend day? Can you …
Part of our weekly Q&A series. We began the discussion with a look at how to use the initial balance to help generate trade ideas. Then we opened the floor to questions. Can you look at crude for today? Where do you start the ER? What product do you prefer? ES, NQ? pls explain the significances of Globex and RTH? would you hold overnight trades? Will you cover the HE …
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to pick better price targets. Then we opened the floor to questions.
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to confirm or negate a directional move. Then we opened the floor to questions. Additional questions asked & answered during the session: How do you keep yourself from getting chopped up in these areas of acceptance when trying to establish a position? So in that example in NQ, you would enter …
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