http://www.cmegroup.com/education/ma...-it-works.html
regarding our trading, we will have another fat day without clarity?
edit: yesterday the POC was moved higher on higher volume and the value overlapped on high, if you add at this the buying tail from asia we get a bullish sentiment. in the same time the longer time frames retraced after we breached the balance area and the action was conducted by day time traders so if we didn't find initiative after price brake the resistance the price must move lower to facilitate the trade, no? k, but how low? the last 2 days low would be enough?
not sure what to trade in EU, at least i got a little clarification in /es made by Robin Mesch...
regarding our trading, we will have another fat day without clarity?
edit: yesterday the POC was moved higher on higher volume and the value overlapped on high, if you add at this the buying tail from asia we get a bullish sentiment. in the same time the longer time frames retraced after we breached the balance area and the action was conducted by day time traders so if we didn't find initiative after price brake the resistance the price must move lower to facilitate the trade, no? k, but how low? the last 2 days low would be enough?
not sure what to trade in EU, at least i got a little clarification in /es made by Robin Mesch...