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Yes i dont understand it......every thing was set up for my live AC (i have a routine in the morning for this)
I was connected the same way friday with no probelms.......been on to ninja again this morning. Waiting too see what they have to say about my log
The 2nd entry i hesitated, was waiting for the 1st upper dev to get tested as we were ticks away from it and i hesitate and let it run away from me too far
I managed to catch the bottom at $93 just trying to get my last scale out and call it a day
" 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"
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Hi Shane,
I've commented on that fairly extensively but the idea there is the ETH VWAP represents the ON session's value and extremes. The ON session is considered weak hands typically and you want to fade them when it makes sense. But that's a long explanation there so, don't take that out of context. The majority of the market's volume occurs during RTH however, it takes some time for that period's VWAP to "kick in". I begin to put weight on the RTH after the IB period is complete but you can see that the ETH levels are still observed throughout the day.
This is just one piece of the puzzle though and I don't recommend taking trades off VWAP/Developing value levels only. Market structure is king.
Sorry just re read you post and have a question for you
This is what also led me to hesitate......
Because i saw we had just entered value on the ETH Vwap 1st dev
I saw a possible push higher up ino value on the ETH vwap
This is something i really need to work on, these continuation trades
I just dont feel comfortable taking them with confidence
As we are to at an extreme i have trouble mentally for some reason
I see what you do and when you add and i understand why...i just need to train my brain to recognize these situations and feel confident with executing them
" 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"
I have only been following here past couple of weeks.
I appreciate all of the fine details added by everyone here.
Previously, I was not sure of the best way to separate the sessions and how long it took for each area to develop.
This has helped me alot.
thanks again
shane
Great Ive been waiting for someone to teach us how to correlate the time frames and the "tells" that they give!
You're a great guy if you have the time to do a quick write up or give us some learning on the bb's. How do you get something from them? Any setups? Thanks in advance.
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Took the long from Y's VAH and managed to get both scales. Market could not take out Y's high however and still trading within its IB. Holding pattern here. Still looking for a test of the ON high if we can get a range expansion. Tough call here because of the stall at Y's high.
Missed the opptunity to buy the rejection of yesterdays value
But i sold yesterdays highs with the folowing info
Got risk covered....looking for a break below todays IB and acception back into yesterdays value
" 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"
" 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"