Blue's Clues to Trading: Timing Levels and Behaviour of Price
{quote} Blue, what are you showing in the red circles, that PA is stuck at Low/High/Center of VWAP? Ok, so it is stuck now at the high of VWAP and probabilities that PA will reverse and go down? So, as an example you are preparing to short Gold and VWAP is just one of the confluences to make that decision? {image}
{quote} Some call it magic, but you and I know it's just math. Meanwhile, I wonder where NQ thinks it's going? {image}
{quote} I couldnt even venture a guess VidVad
Switched over to the SIM account as I'm really fading fast. But if this were during my trading window, I would be short here with a take profit targeting the POC. If price stops me out, and closes above those high closes, I'd get long, targeting VWAP. 1 contract with a $70 stop loss and a $245 take profit, which is 3.5 to 1 profit to loss. And here is the thing: I didn't arbitrarily decide that I would wan this to be a 3.5 to 1 trade. It is a 3.5 to 1 trade because that is what the market decided it would be. {image}
EXCELLENT Stuff guys !!!! THank you ! I will be taking a look at the line charts... I am a firm believer in them since I started paper trading at 13yrs old or so...mmm 45 ish yrs ago ! hahaha... Trendlines thats what I use a line chart..always have always will... Heres a chart of GOld today.... Trade the MGI market generated info.... VWAP Vol Profile {image} {image} Oh and you know how we here the term liquidity...here is liquidity...a visual. Tight bid ask High Volume Market depth Minimal Slippage What does that define ? It defines Volume Profile...
Here is to the ones that feel like morons looking at just pure PA. Stop being morons. Explanation below. Here is today Dow futures 5 Min TF...No lagging indicators of any sort, pure PA action is the King! I only needed one price behavior(for Blue) for a profit of +100 points (the dashed line), A little story on why I took this trade as we talking about price behavior and levels...these trades come almost every day. Entry with direction of the market now, place SL, place TP, use money management to squeeze as much as possible and as close as possible...
{quote} The First touch is money
{quote} Kevin - Question Sir from a dimmer light on your thread. I have posted a Nasdaq chart on your thread - Roadmap plus 5 minute ORB with vwap for comparison. The 8am ( UK time) 5 minute Nasdaq ORB eventually crossed vwap for a decent long. The ORB never stopped you out and went on to cross vwap and upwards. A basic roadmap trade at2490 would have got me also into the long. Price is now consolidating on the yellow vwap. The one minute chart shows choppiness and may be an argument for using 5 minute charts as opposed to one minute ? But note...
{quote} Hey Blue. based on the guy in the video, my account is "not naked", it is over + 80% this year..but I do have a question, are those weekly? VWAP lines High and 50% on your chart? Or they are STD lines? Can you identify them next time. {image}
