Recent content by steven46

Hello FranziskaSchulz Thank you for your encouraging and kind comment My hope is to get traders to think and to learn concepts that might be helpful This (trading) is a very competitive world, dominated by a small group of big institutions. Most of what they do, is directed by software...

And by coincidence, we see that the skew (which of course is dynamic) changes to symmetrical, as buyers enter the market. We see a series of strong bull bars This type of reversal has good odds of success and although we did not take the trade, the entry would have been above the 20 EMA (White...

And here is the "reversion to the mean" example that I was talking about in the previous post. On the left side, the longer time frame chart shows the statistical skew (which was negative) On the open we saw a wide range bar up to test the 2nd SD. Aligned with skew we saw sellers come in to...

Generally speaking, the institutions that produce the biggest volumes work on a different premise than you might think. They use trading range days to accumulate or distribute volume so that when high impact economic reports are released, they can either buy back (at wholesale value) or sell...

A quick note to inform that I have started a Facebook page (Beyond Price Action) and will stage an event soon For a period of two (2) days I will host a trading room live interested traders can watch me as I go through the pre- market chart markup and comment, and then trade

And with that, I believe that I have completed the obligation that I accepted to pay forward the gift that my mentor provided me years back. I wish you all the best of luck

Here is example 2 As you can see, it is the same chart with FRVP (fixed range volume profile). We use this tool to obtain the statistical skew for a specific range or prices. The red line is the POC. and its position relative to the VWAP is the "skew". Absent a background in basic statistics...

I will be transitioning to Instagram shortly but before I do, I want to offer these last examples showing how I frame each session There will be two (2) charts, the first will show the use of VWAP. While posting here I learned that readers do not want to get into the math so I will not present...

This will be my last trade, and that is to emphasize the point I made earlier. On this last chart, notice the spike down as institutions and commercials all seem to get out at about the same time This important "time based pivot" is known as the Euro/USA Overlap, where Euro traders close their...

Today's open and first trade entry As seen in the chart, the market gapped up and ran. This would have been easier for retail traders to see using 15 min candles The problem for retail traders is that because they lack experience, they do not know that a close above the 1st SD confirms the...

Absent any participation from readers, I will offer one (1) more item MAGNETS Magnets are significant short term targets that institutions and commercial traders use to help them decide whether to orient to the long or short side initially. On the open, price can display one of three possible...

With this next post I am going to take a different direction. I am going to ask readers What are the three (3) issues about trading that you find most frustrating?

Here is my last chart showing the Euro/USA "Overlap" (what I call a "time based pivot") As I have mentioned previously, this is a time when Euro based institutions and other commercials are closing books. I show my chart using 5 min candles. When training others I run both 15 min and 5 min...

And here is a chart showing more of the same with markups showing reasonable entries and exits Notice the horizontal lines marking the high and low closes, then later, when price retests, we have points of entry already setup for us. Using this system, we have enough time to recognize when...

For this post we suggest readers refer first to the previous post, where we display our recommended setup for beginning or struggling traders. On the left we show a daily chart and the red line is the VP/POC. The important thing to notice is that the red line (POC) terminates right next to the...