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IB Trading Currency Futures

  #29 (permalink)

Market Wizard
Portland, OR
 
Trading Experience: None
 
Massive l's Avatar
 
Posts: 1,803 since Mar 2011
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It looks like the market wants to go through a distribution phase after the mark up and 2 week accumulation period.
How far it wants to go down, I of course, don't know. But as a trader you should pay attention to distribution signals and play accordingly. We may see some rotation here so if you are a volume profiler, look for the standard bell curve and a range trading strategy. Any distribution that turns to market imbalance should be traded as a trend down and typical (price, fib, pivots) S/R trading and rotation should be expected.

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