Whether you trade intraday or look for multi-session opportunities, looking at the much wider timeframe is a good start for any approach to markets. As the rule states, "always default to the higher timeframe." This can mean you may take a long position, but if the larger timeframe is bearish, take your profits and don't [...]
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 [...]
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 [...]
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 [...]
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to prepare for the next move. Then we opened the floor to questions. Additional questions asked & answered during the session: Crude? Thanks for these webinars guys. Wondering how do you typically determine where to set your [...]
Part of our weekly Q&A series. We began the discussion with a look at how to use the profile to see "value" and use that value to help establish good trade location. Then we opened the floor to questions. Additional questions asked & answered during the session: Do ag products have a tendency to slow down [...]
Not all prices or activity in the auction are the same. So, to keep from being lulled into every bit of the action, we establish zones of interest. These can serve as targets to exit or areas to look for a counter trend entry. In this video, we show how we used one of these [...]
When making trading decisions, we remove some of the randomness of markets by identifying "open types" and "day types" to help give us an expectation of behavior.
When making trading decisions, we remove some of the randomness of markets by identifying zones that we are interested in participating. Then, if the auction comes to us, we are prepared and have a plan in place.
When making trading decisions, we always make them with respect to where we are in the "posture" of the market and that is discerned through knowing and leaning on value across multiple timeframes.
