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BruceM
Rep: 216,211
Posts: 19,895
I thought that we could use a refresher and some basics in case we have some new folks here. Most will know this stuff but hopefuly this will inspire some questions or help clear up any questions regarding the use of high and low volume in your analysis. Here is todays chart with the key areas labelled for Thursdays trade.
Click image for original size
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Futurestr8r
Rep: 50
Posts: 24
57.75 Projected IBLO based on average
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BruceM
Rep: 216,211
Posts: 19,895
Market Delta......we have the VA low at 57 and that peak volume at 55...so trying a buy below the IB low into that range is worth it with a signal
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BruceM
Rep: 216,211
Posts: 19,895
low volume exists up at 60 so if we get the long we want to be out in front of that number
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BruceM
Rep: 216,211
Posts: 19,895
this is where I get impatient...a breakout of the IB low into the key zone with air above....looking long near 55.75
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Futurestr8r
Rep: 50
Posts: 24
I'm Long 56.26 looking for test of 60 HVN
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Futurestr8r
Rep: 50
Posts: 24
56.25 I really am licking chops at 54.75 to add
DE
della
Rep: 550
Posts: 588
Anything on foot prints ???
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Futurestr8r
Rep: 50
Posts: 24
I don't like this action, pulled 54.75 Gonna sit out for a bit & recalculate
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BruceM
Rep: 216,211
Posts: 19,895
most can see how the better trades worked at the low volume area with targets back into high volume areas...like the 70 and the 52.50 areas..my 55.75 went nowhere quick..that was high volume..

I have a 51.75 that is trying to work magic...but my trade isn't important...look at the areas.....

This is a trading "poster child" day for setups...study it careful in relation to the areas on page one....think of the bell curve
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Futurestr8r
Rep: 50
Posts: 24
Slice through LVN to get caught up in HVN, remember today being holiday a lot are gone
WI
williamworse
Rep: 0
Posts: 1
Trading strategy and setups are briefly given on the platform visit and get more useful information about any type of trading