Maximizing Your Trading Perception

Maximizing Your Trading Perception - Hallo friendsDARMO NEWS TODAY, In the article you read this time with the title Maximizing Your Trading Perception, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article culture, Article economy, Article health, Article healthy tips, Article news, Article politics, Article sports, We write this you can understand. Alright, good read.

Title : Maximizing Your Trading Perception
link : Maximizing Your Trading Perception

Read too


Maximizing Your Trading Perception

A common mistake I see traders making is looking at many screens, with little deep thinking with respect to any of them.  Very often, what they're doing is scanning for "setups", not achieving an understanding of what is happening in the market.  In other words, they're frantically looking for trades rather than truly developing ideas.

If you click the above, you'll see a real-time screenshot of what I was following in the ES futures just an hour or so ago via Sierra Chart.  Each bar represents 5000 contracts traded.  The middle study captures the balance of volume that occurs at the offer price vs. at the bid.  The bottom study is simply a moving average of that bid/offer volume information.  At the left, we can see horizontal bars that display the volume traded at each market price, in a Market Profile-like fashion. Note how, in the overnight session, we've attempted to establish support around the 2937 point of control level (the price at which most volume has transacted) and are now probing the upside.  Seeing selling pressure drying up at that point of control suggested that we were not establishing a new value area and could probe the upside, creating a nice risk/reward trade.

But you had to have that information to frame the idea; you had to understand the relationships between volume and price in Market Delta and Market Profile frameworks; and you had to be awake and alert around the London open to actually see what was going on.  Our trading perception shapes what we will process, and our processing shapes our understandingHigh confidence trading comes from deep understanding.

Further Reading:


.


Thus Article Maximizing Your Trading Perception

That's an article Maximizing Your Trading Perception This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Maximizing Your Trading Perception with the link address https://darmonewst.blogspot.com/2019/10/maximizing-your-trading-perception.html

Subscribe to receive free email updates:

Related Posts :

0 Response to "Maximizing Your Trading Perception"

Post a Comment