$ES_F $SPY excess low / Single Prints / Buying tail. If you wonder why I waited for 5,066 to try a long today here is an explanation.
In Market Profile (Time price opportunity) concepts there are TPOs representing 30 mins. For example, A period is 9:30am EST to 10:00AM EST, B Period is 10:00 AM to 10:30 AM EST. Therefore initial balance is made up of A + B periods for 1 hour IB. You will see bunch of letters going all the way to "M period".
When we get other time frame participants entering the market typically they leave a little bit of "aggressive tail - either buying or selling".
As a day trader, its important to know when other time frame participants are entering and where so you can monitor the level on future sessions and be aware intraday where they showed up.
You need more than two TPOs at the bottom or top to be considered buying or selling tail. Opposite of buying/selling tail is poor high or poor low indicating that auction did not complete and most likely will revisit. Buying/Selling tails indicate an end of an auction and starting of a new on in opposite direction. Typically its a trend reversing.
First slide will explain a bit more about profile and timing of different periods.
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@golden1cu@SacramentoKings @bavila_96 @Burnt_Samosa
These 2 deserve the court side tickets. Please give them to my friends, so that I may witness how ecstatic their facial expressions will be❤️
Once you solve the money problem you’re able to start throwing more time, energy & effort on the other problems in life
Wealth isn’t the endpoint, it’s one of the ingredients for a better life
Money frees up your time and give you more resources to deal with other problems
You ever just went over your trades and actually sat down and broke down the math on what works and what doesn’t ? When you do this every single week at the end of the week you’ll get that “ WOW, Wtf am I doing?” Factor.
This is something I’ve finally come to terms with. If I’m done and I say I’m done why do I need to sacrifice a good days work for a gamble.
As a trader this is the actually answer the recipe the “light bulb” just shut off the wanting more and walk away with the what you got. The more will come on it’s on. The more happens when you don’t expect it.
It’s like I see myself trading better with $900 than $9k. Even with a $15k account $500-$900 feels safer but not only that it’s a comfort and a safe zone that I know I can do damage and don’t need the other 14.1k.
Challenge yourself to work with small and turn it into your account size.
Stop gambling. And stop trading because other people are. $1M is easy in compounding terms. It’s hard when you have a gamblers mindset.
-#SPTP
#SEEPROFITTAKEPROFIT
I’m laying in my bed right now and I’m like maybe i should go do something off the bed but,
I realize if I get off the bed I’ma just be somewhere else doing nothing off the bed when I could just be doing nothing on the bed
So imma just stay on the bed
Few new members and some older ones doing whats best, grow, compound. Ignore fin twit experts. $SPX $ES_F 2/3 top sigma sell, 2/3 sigma bottom buy in bracketed markets.
@simpletrader77 A standout feature is the thorough explaination of VP, which provides a deep understanding of how market participants behave and how it impacts the price movement. Shortys teachings are interactive and engaging, to make sure you understand the process first. Thank you for caring