??? about Value Area

[tradermonkey]

Just curious what people think about value areas. I am learning to trade s&p500 futures. There are a few sites that I know of that offer it free. One has multiple value areas (My Trading Network under free section) and one that seems to only have 24hr TPO (Emini Day Trading under forum section). Does anyone like one over the other or anothoer source? Thanks

 

[Rhody Trader]

Personally, I don't find that just knowing the official value area all that useful. Not all value areas are the same, so if you're not looking at the chart you're missing a great deal.

 

[tradermonkey]

Thanks for your help, what do you look for if you do not mind me asking

Personally, I don't find that just knowing the official value area all that useful. Not all value areas are the same, so if you're not looking at the chart you're missing a great deal.

 

[Rhody Trader]

I just look for the really high value zones - the most dense TPO areas. Sometimes that's the same as the value area, but many times it's a smaller area within the technical 70% value area.