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we opened at yest vah on the tpo, and we got below value on the eth(1sd,)and price just dropped,showing no buyers to try to get back into eth value.I didnt take,and regretted it
I tend not to look at the VAH/VAL for profiles that are elongated like we had on Monday. For me, VAH/VAL are more applicable for days where the profiles are more Gaussian (normal days) that the stretched out days. I could be wrong, but on days like Monday, I personally think the market is searching for value, hence I do not consider VAH/L for my trade decision.
On a different note, What did you do at the lows? Did you buy them even though we had that open drive? I missed that long off the level coz I didn't want to get run over. However, looking at it now, there was plenty of signs that tempo was slowing and should have taken the long. Trade Location was excellent.
But yesterday was a rotational day with 2 way trading and is not massively stretched
For me....i still use the value areas on stretched days, i just dont put as much weight on them and the POC`s
Also there are other factors for me......like Vwap value across mutiple time frames etc
My homework told me to buy $96 area so i got in with a perfect position and still holding
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
This market at the moment seems to have good "OFFER"
There selling it down and buying the crap out of it back up
Were back in the balance/box above and seem to be holding at the moment
We was 1 TF higher....yesterday we had a small pull back and a failed higher high
Todays close could be interesting
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Even if you not positioned you could have gone with the break out from balance with a tight stop as "JIM " would
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Yes i traded that day and i have a ton of charts open with Vwaps and volume foot prints
My PC is pretty high spec but nothing amazing......its only lagged once
and that was because of a Vwap bug in a indicator i was using at the time
I am migrating over to Sierra charts though....slowly
SOOOOOO much more stable and professional than NT
Just think about things logically
Im using about 100 diffrent codes in NT for my current work space and lots of diffrent people coded my indicators and tools
Well with Sierra charts, its all factory built into the software correctly from the start all optimized
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"