Here are the key numbers from Fridays trade and a chart with the volume showing why they are key. On your own charts you can compare where your high volume is with price.
1300
1295
1288 - 1289
The upper zone not shown on the chart is up near 1308 just in case we rally in the ON session on Sunday
AP
apk781
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Posts: 410
settled for 87 here, had not seen the big volume spike in this area, so might be tough to get through that area...still a decent trade
BR
BruceM
Rep: 216,211
Posts: 19,895
so the smart volume players will be using them for a bias on trades...the folks who are taking shorts off the 87 - 88 would ultimately want that volume to be rejected quickly and then try for the 84 retest....if you got long near the 84 tests then you would want to monitor the 87 - 88 area carefully and if you were trying to hold then you'd be going for the volume at 91.50..
I beleive this is where knowledge of Market internals and those who have deciphered Market Delta can really get an edge...
I don't want to imply anything more here than that volume becomes attractors......
I beleive this is where knowledge of Market internals and those who have deciphered Market Delta can really get an edge...
I don't want to imply anything more here than that volume becomes attractors......
BR
BruceM
Rep: 216,211
Posts: 19,895
nice trade
Originally posted by apk781
settled for 87 here, had not seen the big volume spike in this area, so might be tough to get through that area...still a decent trade
PT
pt_emini
Rep: 5,707
Posts: 1,940
sold short at 1289.00 on that last (of 3) tests of 89.25
market seems to becoming congested in a tight range at the VWAP
low volume node at 89.75... rinse and repeat... lol
market seems to becoming congested in a tight range at the VWAP
low volume node at 89.75... rinse and repeat... lol
PT
pt_emini
Rep: 5,707
Posts: 1,940
Originally posted by pt_emini
sold short at 1289.00 on that last (of 3) tests of 89.25
I am back to flat at 87.00 for a couple more, having a good day trading

