and here is our last markup for today
We will provide one (1) example showing just how important the statistical
skew is to Professionals. We monitor the relationship between the White (AVWAP) line
and the Red (POC) line. Notice how the White AVWAP) crosses above the POC just prior
to the NY Open. We call this a "Tell", because it foretells the move up off the open. This is
an high probability long entry good for almost 10 pts if executed properly.
And this example shows the importance of the CVD later in the session to identify "Leg 1-Pullback-Leg 2" which
is also a classic, high probability long based on the concept that shorts are trapped below and have
to "give up". Once those stop loss orders are activated, the only choice they have is whether to chase
the market higher. Usually they do just that, and the momentum they create is the fuel needed to
move the market up to test 7,000+
Good luck
We will provide one (1) example showing just how important the statistical
skew is to Professionals. We monitor the relationship between the White (AVWAP) line
and the Red (POC) line. Notice how the White AVWAP) crosses above the POC just prior
to the NY Open. We call this a "Tell", because it foretells the move up off the open. This is
an high probability long entry good for almost 10 pts if executed properly.
And this example shows the importance of the CVD later in the session to identify "Leg 1-Pullback-Leg 2" which
is also a classic, high probability long based on the concept that shorts are trapped below and have
to "give up". Once those stop loss orders are activated, the only choice they have is whether to chase
the market higher. Usually they do just that, and the momentum they create is the fuel needed to
move the market up to test 7,000+
Good luck
