Not much to say at 3:26 am on Monday morning. Narrow value area relative to previous days. overnight opened in the value area and is now just above it. Will need to wait for the open to see what will happen. The red dashed line is the VAH and the blue is the POC and the green is the VAL.
Housing market index at 10am:
http://www.mypivots.com/economic-events
LI
Lisa P
Rep: 6,498
Posts: 1,428
Della, I posted the wrong chart. The following is the correct one. I am not as good as Bruce at trading and posting. So here is what I saw as the "thickened" volume (asterisk in 10:23 column).
Most of the time I do not enter on "price level"; I try to enter on "enemy mistakes". SO if I am bullish, I watch for bears to make a mistake, i.e. try and fail - this adds fuel to the move. So here was my trade. I missed the first entry and took the second almost to the target.
Most of the time I do not enter on "price level"; I try to enter on "enemy mistakes". SO if I am bullish, I watch for bears to make a mistake, i.e. try and fail - this adds fuel to the move. So here was my trade. I missed the first entry and took the second almost to the target.




