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:
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How do you keep yourself from getting chopped up in these areas of acceptance when trying to establish a position?
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So in that example in NQ, you would enter when it comes back to acceptance?
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When it seems that excess is forming, sometimes, there’s a bump of volume towards the top/bottom. Does this suggest anything to you? Does that cancel/negate “excess” basically?
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When it hits IB high are you looking for a breakout then a reaction down?
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Would you trade differently based on the trading day types?
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When you go with an IB break, that would be nice in a trend day? Just don’t want to fade an IB break that doesn’t pull back?
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Could you go over the different day type etc..?
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Could you repeat the propensity for extension statistics?
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Given how the price is behaving on the ES, would you have considered a short at the current DVAH? 2713.75
