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. …
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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 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 …
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 stops? Given a balanced volume profile, and excess levels, are there things in the profile …
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 in vol as the week goes on like indices do? Is value following price in …
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 zones to find a high probability intraday trade in Nasdaq futures.
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.
You may have heard us say at some point that there is no such thing as a trading holy grail. What we mean by this is that there are no trading approaches or systems that are 100% effective, allowing you to extract money from the markets at will and without risk (btw, if they did exist, no one would let you know about it). So….if you come across someone promising a …
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