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Peter, first of all thank you for sharing your DT pre market prep. It's being of a great value. Please tell me about the calculations for the weekly and daily value area. seems to me you use va calculations through volume 70%, am i right? did you ever used this va calculation through tpo's? what do you say about both calculations?
Thanks!
Daniel
Can you help answer these questions from other members on NexusFi?
Volume was really low yesterday, we did close higher but I don't see that really as confirming the long bias I had, we mostly moved sideways.
The weekly profile is bullish but we are in danger of ranging 2351-2359.50, so watch that area for a fade as we go.
We are holding yesterdays value area overnight (53.50), so an eye on that into the open.
Plan
- Eyes on volume into the open - if it stays low, look to fade moves
- No continuation trades between 51 and 59.50 but do look for 53.50 to hold
- If we break out from the 51-59.50 area - look for a headfake and take a continuation only on decent volume
Weekly Numbers Range - 2317.75 -> 2362.50
Value 2335-> 2362.50
S1 - 2324.75, R1 - 2371.75
Daily Numbers
Range 2348.75-> 2359.75
Value - 2353.50 -> 2358.50
Globex 2353.50 -> 2362.50
Settlement – 2357
Today Only - 2351-2359.50, 2353.50
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75
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