Here is the low volume I have marked off from Thursdays trade. The main bell curve will be that 45 - 55 area. There are a few other minor ones ....we still have low volume in the 60 - 63 area. Lets see what the overnight and the 8:30 reports bring.
BR
BruceM
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We "know" that the market will try to go towards the closest low volume area when the day session opens.....this happens a very high percent of the time...
so when we opened at 65.75 in the day session today then the nearest volume was either going to be the 63 - 60 zone or the 72.50 - 75 area...so agressive traders will position for that test...I didn't trade for that but offer it out as a trick you should be aware of.
Ideal short will be the hour breakout sell up into the 71 and higher but for some reason I have a feeling that they may want to keep trade stuck below that peak volume area apk and I mentioned....and so we just wait to see what happens
Paul..I saw your advice and I will adjust my chart...thanks for the idea
so when we opened at 65.75 in the day session today then the nearest volume was either going to be the 63 - 60 zone or the 72.50 - 75 area...so agressive traders will position for that test...I didn't trade for that but offer it out as a trick you should be aware of.
Ideal short will be the hour breakout sell up into the 71 and higher but for some reason I have a feeling that they may want to keep trade stuck below that peak volume area apk and I mentioned....and so we just wait to see what happens
Paul..I saw your advice and I will adjust my chart...thanks for the idea
LO
Lorn
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NQ has been lagging all morning. Unable to break above its RTH high from yesterday. Watch this for any ES upside confirmation.
DE
della
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Posts: 588
Yes bruce you did that yesterday it was trading at 19.00 down to the magnet price of 12.50 area
BR
BruceM
Rep: 216,211
Posts: 19,895
correct...Wednesdays trade......keep it in your tool box
I'm waiting to try buys at the 54 - 55 or sells up above 71.....whichever one comes outside of the hour/90 minute range.....it will be my last trade of the day....heck...it's friday and we need to reward ourselves for following the rules this week
I'm waiting to try buys at the 54 - 55 or sells up above 71.....whichever one comes outside of the hour/90 minute range.....it will be my last trade of the day....heck...it's friday and we need to reward ourselves for following the rules this week
