The charts below show how such a major top or bottom can be found. Its a matter of using order flow at the right context spots. The bar charts shows the latest tools I use. The buttons at the top of the chart allow me to have Flo trigger trades that meet most combinations of context and order flow combinations. The human eye is still needed as yet to verify the context. The second chart - Market Profile - shows the split's POC that held the market twice. The bar chart shows the reversal of the order flow at the right context for that chart. All that is needed is to have enough contracts so you can scale out at relevant chart areas.
Wednesday, 16 March 2016
Finding the Top of a Major Swing
The hardest thing for me to do as you will know if you are a regular reader of this blog is to hold onto a trade. I've been working on this issue for the whole of my trading life.
The charts below show how such a major top or bottom can be found. Its a matter of using order flow at the right context spots. The bar charts shows the latest tools I use. The buttons at the top of the chart allow me to have Flo trigger trades that meet most combinations of context and order flow combinations. The human eye is still needed as yet to verify the context. The second chart - Market Profile - shows the split's POC that held the market twice. The bar chart shows the reversal of the order flow at the right context for that chart. All that is needed is to have enough contracts so you can scale out at relevant chart areas.
The charts below show how such a major top or bottom can be found. Its a matter of using order flow at the right context spots. The bar charts shows the latest tools I use. The buttons at the top of the chart allow me to have Flo trigger trades that meet most combinations of context and order flow combinations. The human eye is still needed as yet to verify the context. The second chart - Market Profile - shows the split's POC that held the market twice. The bar chart shows the reversal of the order flow at the right context for that chart. All that is needed is to have enough contracts so you can scale out at relevant chart areas.
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Nice to see you posting a bit more frequently EL
ReplyDeleteRegards,
Chris
Nice to see you're posting a bit more frequently EL
ReplyDeleteGood info as usual!
Hi there, Great blog you have there, really. I learned so much from your posts already so please juse keep up the good work! :)
ReplyDeletejenrique42
ReplyDeleteconoce al trader australiano que hace mencion este video y el torneo que gano?
https://www.youtube.com/watch?v=f_PqfB4GVd0
Hey EL, it's been a long while since you posted...are you done posting in the Blog ? Was getting excited about all the new material you were working on.
ReplyDeleteHi John S, there's new material coming.
ReplyDelete