Where would your trade entry be, if you were to take one, on the look below the 2DBL and fail?
Would you enter close to the exhaustion, which can be catch-a-falling-knife tricky, or once the 2DBL level was regained? Or maybe you would use getting above a certain negative delta as an entry (say, 4506)?
I caught this this morning, entering on the regain for about five points, but probably trailed my stop too close.
Thank you, Paul! I'm looking for entries once the 2DBL is regained. Through observation of the order flow, it became evident that aggressive buyers entered, allowing for an immediate sense of the potential for a reversal, at least enough to revisit the trapped buyers from the A-period. The extreme negative delta in the B-period provided significant fuel, as evidenced by the pace of the reversal.
Correction: VIX levels: Resistance 14.14, Support 12.84.
Thank buddy. I went long after the CPI at the lows and left and closed at the open—great analysis, as always.
Sweet!
Great stuff as always.
Where would your trade entry be, if you were to take one, on the look below the 2DBL and fail?
Would you enter close to the exhaustion, which can be catch-a-falling-knife tricky, or once the 2DBL level was regained? Or maybe you would use getting above a certain negative delta as an entry (say, 4506)?
I caught this this morning, entering on the regain for about five points, but probably trailed my stop too close.
Thank you, Paul! I'm looking for entries once the 2DBL is regained. Through observation of the order flow, it became evident that aggressive buyers entered, allowing for an immediate sense of the potential for a reversal, at least enough to revisit the trapped buyers from the A-period. The extreme negative delta in the B-period provided significant fuel, as evidenced by the pace of the reversal.
Thank you!
Would love for smash to trade love with us!!! Hint hint 🤷🏻♀️