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
a high probability long entry good for almost 10 pts if executed properly.
And at the bottom pane, we use 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 choices they have are 1) to stand aside
and miss the rest of the move up, OR 2) to "chase the market", entering late. Usually they do just that, and the
momentum they create is the fuel needed to move the market higher 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
a high probability long entry good for almost 10 pts if executed properly.
And at the bottom pane, we use 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 choices they have are 1) to stand aside
and miss the rest of the move up, OR 2) to "chase the market", entering late. Usually they do just that, and the
momentum they create is the fuel needed to move the market higher to test 7,000+
Good luck
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