I managed to snipe a solid long near the FDT at 6816, capturing a good chunk of the move back toward the FS VWAP and the gap before calling it a day. In hindsight, a short around that area would’ve been the real play. How about you?
First of all, thank you as always for the unfailing analysis. I'm a better trader thanks to you. The VIX element has allowed me to know when to sit back and be patient; it has saved me on several occasions by preventing me from being the first to buy a dip. I have a question: According to Jim, a double distribution is treated as two separate profiles. In the case of a Trend Multi-Distribution Day Type, is the same principle used?
Thank you so much for taking the time. I deleted the comment because I remembered the moment I posted it that you explained to me that we don't go from OTFU to OTFD without first going through Balance. I appreciate all your help!
Stud! How was the trading day?
I managed to snipe a solid long near the FDT at 6816, capturing a good chunk of the move back toward the FS VWAP and the gap before calling it a day. In hindsight, a short around that area would’ve been the real play. How about you?
Took a short BE after it pulled back into Tuesdays low. Other than that nothing from my end as I really missed the 6816 level short which was ideal.
First of all, thank you as always for the unfailing analysis. I'm a better trader thanks to you. The VIX element has allowed me to know when to sit back and be patient; it has saved me on several occasions by preventing me from being the first to buy a dip. I have a question: According to Jim, a double distribution is treated as two separate profiles. In the case of a Trend Multi-Distribution Day Type, is the same principle used?
Appreciate the support! Yes—the same principle applies.
For me, the market can’t go from OTFU straight to OTFD off a single bar. The sequence is always OTFU → Balance → OTFU or OTFD.
Thank you so much for taking the time. I deleted the comment because I remembered the moment I posted it that you explained to me that we don't go from OTFU to OTFD without first going through Balance. I appreciate all your help!
Thanks GOAT!
Thank you!
thank you..
mine I messed up today..
I took long on reversal. but it kept going down and very bad day