Most traders do not or havent learned yet how to read a chart thru the Auction lens,,,,
Real simple the Auction is simply balance vs imbalance.
IMO learning how to read the market thru this context will elevate ones trading no matter what
setups you trade.
As I have said my 3 main tools are VWAP , Volume profile and the Initial Balance. My foundation is
Timings Levels and Behaviour of Price.
This week was exceptional on the ES with A+ setups daily....but I just want to use another market as
an example and that is Oil.
My 4 main VWAPs I will trade from are from
Weekly, Daily, then AVWAP to the prev days Open (930 equities 900 Oil 820 Gold etc) and finally AVWAP to the current days Open times (same as above)
I will do the same with VP..
Coming into fridays Oil open at 9 am... The first thing I look at is the larger picture...Monthly on down.
And it usually is pretty clear which area we are operating in... Meaning Context.
Are we balanced or imbalanced ? This dictates what setup I am preparing to execute.
Rather than me type this all out...
Heres some charts.. The best trades are when I have a setup with several VWAPS aligning ...
Friday gave 2 exceptional setups both with multiple confluences...There is no guessing Up or down,,
Simply execute the setup...
All markets same setups... Whats the context of the current market Balanced or Imbalanced.
Know your setups for the current condition and execute..
BIG other Note is TIMINGS LEVELS.... both trades have them in play.... the VWAP bounce and PDCshort at 10am at 87.00 on the button was an exceptional setup(s)...
Whats the target Blue ? Since the IB is set at 10...One can target the 50% level the IB low or the Open.
Real simple the Auction is simply balance vs imbalance.
IMO learning how to read the market thru this context will elevate ones trading no matter what
setups you trade.
As I have said my 3 main tools are VWAP , Volume profile and the Initial Balance. My foundation is
Timings Levels and Behaviour of Price.
This week was exceptional on the ES with A+ setups daily....but I just want to use another market as
an example and that is Oil.
My 4 main VWAPs I will trade from are from
Weekly, Daily, then AVWAP to the prev days Open (930 equities 900 Oil 820 Gold etc) and finally AVWAP to the current days Open times (same as above)
I will do the same with VP..
Coming into fridays Oil open at 9 am... The first thing I look at is the larger picture...Monthly on down.
And it usually is pretty clear which area we are operating in... Meaning Context.
Are we balanced or imbalanced ? This dictates what setup I am preparing to execute.
Rather than me type this all out...
Heres some charts.. The best trades are when I have a setup with several VWAPS aligning ...
Friday gave 2 exceptional setups both with multiple confluences...There is no guessing Up or down,,
Simply execute the setup...
All markets same setups... Whats the context of the current market Balanced or Imbalanced.
Know your setups for the current condition and execute..
BIG other Note is TIMINGS LEVELS.... both trades have them in play.... the VWAP bounce and PDCshort at 10am at 87.00 on the button was an exceptional setup(s)...
Whats the target Blue ? Since the IB is set at 10...One can target the 50% level the IB low or the Open.
Master your Mind,,,Master the Market
