Just recently stumbled upon your Substack and am enjoying it already, even as I digest your TPO charts. Quick question about how you derive your daily pivot - is it always contextual (i.e. based on prior day's price action) or is it based on volume profile (since I assume you don't use traditional TA, like moving averages, channels, etc.)? Lastly, if I have access to level 2 data, any resources on tape reading that you can recommend? Thank you again for your time and high-quality content.
I use Market and Volume Profile for market structure analysis, meaning Smashlevel is based on these tools combined with contextual nuances. It's a subjective level at the end of the day.
I generally don't use traditional technical analysis, but I do track the moving averages because funds pay attention to them, so it's good to be aware of them.
Following YouTube channels/videos have a lot of information about Order Flow (DOM/Footprint/Tape):
Note from Tradingview: At the moment TradingView has no real-time data for CBOE:VIX. You can try to use CFD ticker TVC:VIX instead. This data is provided by TradingView, it's free and updates in real-time.
Just recently stumbled upon your Substack and am enjoying it already, even as I digest your TPO charts. Quick question about how you derive your daily pivot - is it always contextual (i.e. based on prior day's price action) or is it based on volume profile (since I assume you don't use traditional TA, like moving averages, channels, etc.)? Lastly, if I have access to level 2 data, any resources on tape reading that you can recommend? Thank you again for your time and high-quality content.
Thank you and welcome!
I use Market and Volume Profile for market structure analysis, meaning Smashlevel is based on these tools combined with contextual nuances. It's a subjective level at the end of the day.
I generally don't use traditional technical analysis, but I do track the moving averages because funds pay attention to them, so it's good to be aware of them.
Following YouTube channels/videos have a lot of information about Order Flow (DOM/Footprint/Tape):
https://www.youtube.com/AxiaFutures - Axia Futures
https://www.youtube.com/jigsawtrading - Jigsaw Trading
Smash, if I'm looking on TradingView and search for VIX, do you know if we should be using TVC or CBOE?
TVC.
Note from Tradingview: At the moment TradingView has no real-time data for CBOE:VIX. You can try to use CFD ticker TVC:VIX instead. This data is provided by TradingView, it's free and updates in real-time.