Sellers controlled the session after holding the true gap down with a cooperating VIX. We end up with a b-shape profile, indicative of long liquidation.
Brutal day. I thought 3960 HVN would provide support for a reversal. I unfortunately tried to catch that falling knife and got hurt. Luckily, I did manage a recovery by end of the day. Smash, can you please explain somewhere what the color coding means in your levels at bottom left? What do those red targets identify? ONL keeps making new lows below the chart. Thanks as always
The best things I have learned so far are... 1) the acceptance/rejection and 2) the OTFu/d and of course,,,, The tidbits that you have been dropping based on your experience. (I have been peeping them like a HAWK!) - priceless.
Please forgive me.. I do have a few questions
1_ how is balance, balance high and balance low determined? (I THINK i know how to calculate this - I am just not sure do i call it a 3 day balance or a 4 day balance - as we find the balance AFTER the OTFU/D ends)- just need some clarification I guess
2) what is "FS" VWAP? I am familar with VWAP - but I dont know what FS means
and
3) is is a b shaped profile if the bottom is a "V"?
As always thank you for your time and expertise.
Thank you seems so small to say for all that you do - I will have to find some other words.......
Hi there. How can I determine or at least get some clues about the type of day: directional vs range bound. Usually I get my worst days in directional days when I try to fade the trend. Thanks!
Brutal day. I thought 3960 HVN would provide support for a reversal. I unfortunately tried to catch that falling knife and got hurt. Luckily, I did manage a recovery by end of the day. Smash, can you please explain somewhere what the color coding means in your levels at bottom left? What do those red targets identify? ONL keeps making new lows below the chart. Thanks as always
Smash,
GREAT day! - your levels are magical!
The best things I have learned so far are... 1) the acceptance/rejection and 2) the OTFu/d and of course,,,, The tidbits that you have been dropping based on your experience. (I have been peeping them like a HAWK!) - priceless.
Please forgive me.. I do have a few questions
1_ how is balance, balance high and balance low determined? (I THINK i know how to calculate this - I am just not sure do i call it a 3 day balance or a 4 day balance - as we find the balance AFTER the OTFU/D ends)- just need some clarification I guess
2) what is "FS" VWAP? I am familar with VWAP - but I dont know what FS means
and
3) is is a b shaped profile if the bottom is a "V"?
As always thank you for your time and expertise.
Thank you seems so small to say for all that you do - I will have to find some other words.......
Question on VIX 22.2 level, would like to know how this level was derived and it's significance.
Thank you.
Hi there. How can I determine or at least get some clues about the type of day: directional vs range bound. Usually I get my worst days in directional days when I try to fade the trend. Thanks!