In contrast to Thursday's emotional session, which left behind very poor structure, as observed in the profile, Friday’s profile was perfectly balanced. Daily is one time framing down, which sellers want to maintain.
Thank you! Acceptance is measured by time and volume at price. If we want to see acceptance above a certain level, we want to see accumulation of volume at price and accumulation of time at price, i.e TPOs, above that level. Generally at least 2 TPO's needed at price for acceptance.
Smash, question
what do you consider acceptance?
a 30min candle close? an hr candle close? a couple of those candle closes?
I am having trouble determining my entries for day trading these daily levels.
But I am thinking perhaps swing may be better for me so I am looking at the weekly levels more lately.
Acceptance is something I struggle with determining.
Any insight with this would be very helpful.
Again, thank you for EVERYTHING and ALL the valuable info you give us daily.
And I hope you have fully recovered and are feeling AWESOME!
Thank you! Acceptance is measured by time and volume at price. If we want to see acceptance above a certain level, we want to see accumulation of volume at price and accumulation of time at price, i.e TPOs, above that level. Generally at least 2 TPO's needed at price for acceptance.
thank you
studying that now
I appreciate your time
Thanks Smash -Which platform would you recommend for spx futures?
There are numerous excellent trading platforms available these days. My preferred choice for futures trading is Sierra Chart.
Thank you and good luck this week!