After two consecutive trend days, an immediate upward continuation encountered some exhaustion. Sellers main objective is to end the daily OTFU, which would target fills of Friday’s poor structure.
Hi Smash, left a couple of msgs about this chart - anyway to get access to it.? Or can you tell me what study that is at the bottom of this chart so I can incorporate it into my charts.
My chartbooks for Sierra Chart, as mentioned on my website, are only available for purchase due to the time and effort I put into creating them. The lower study is the "Cumulative Delta Bars - Volume."
Hi Smash, thanks so much for your invaluable analysis and roadmap. I have a question for you and any profile traders reading this: is there a Profile indicator you can recommend for Tradingview? I have tried out a few of them, and fairly certain, those weren't plotting correctly.
Not sure what Gumroad is but is there anyway to get access to this chart (or can you tell me what study that is on the bottom of the chart? Would like to include that type of delta information on my chart.
I will probably interpret this as a 4 week balance, from 4170 to 3931. Some traders may even have the weekly OTFU since we basically were in a two week balance. Let's see how this week plays out.
A break above the poor high would confirm that the selling pressure was failing to gain traction. Buyers were able to absorb the aggressive selling for a few periods, but ultimately got exhausted. The main thing was the we had two consecutive trend day's to the upside, and with another gap up on top of that, the exhaustion trade was attractive for at least a liquidation.
Thank you so much. I’m sorry is this same one that’s provided in your chart book in Gumroad?
Yes.
Anyway to get access to this chartbook?
Hi Smash, left a couple of msgs about this chart - anyway to get access to it.? Or can you tell me what study that is at the bottom of this chart so I can incorporate it into my charts.
My chartbooks for Sierra Chart, as mentioned on my website, are only available for purchase due to the time and effort I put into creating them. The lower study is the "Cumulative Delta Bars - Volume."
Thanks for your time and effort to create this analysis. I appreciate it!
Hi Smash, thanks so much for your invaluable analysis and roadmap. I have a question for you and any profile traders reading this: is there a Profile indicator you can recommend for Tradingview? I have tried out a few of them, and fairly certain, those weren't plotting correctly.
Thank you, Syed! Unfortunately, I'm not familiar with any TPO charts that can be accessed on Tradingview.
Not sure what Gumroad is but is there anyway to get access to this chart (or can you tell me what study that is on the bottom of the chart? Would like to include that type of delta information on my chart.
Is this your renko execution chart with heat map in the back? Or the 4 tick increment chart with heat map?
This is the renko chart.
Do you consider weekly still down ?
No it's back to balance, forgot to update!
How do you consider balance low previous week low?
I will probably interpret this as a 4 week balance, from 4170 to 3931. Some traders may even have the weekly OTFU since we basically were in a two week balance. Let's see how this week plays out.
Why 4 week, if understand correctly last 2wk + 1k (current wk) + 1wk (previous 3wk balance) ?
Current week + 3 previous weeks.
What do the red dots on renko chart mean?
A break above the poor high would confirm that the selling pressure was failing to gain traction. Buyers were able to absorb the aggressive selling for a few periods, but ultimately got exhausted. The main thing was the we had two consecutive trend day's to the upside, and with another gap up on top of that, the exhaustion trade was attractive for at least a liquidation.