"Pictures" worth more than thousand words. [10% to 15% correction is coming] | Traders Hideout

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"Pictures" worth more than thousand words. [10% to 15% correction is coming]

  #33 (permalink)

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MiniP View Post
This can easily be classified by a mean reversion trade, price is currently to over valued to and possible at the point where we need to return to the value area to determine if we move up or down i would hardly call the last two days a clear sign.

And if that's the way you trade then it shouldn't be a huge deal to you in what way the market moves ( bull/bear) because you can swing either way. i take a very similar approach and could honestly care less as long as we have some movement for the day.
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but like you said it is healthy and could end up helping the markets in the long run.. who knows i don't trade stocks anymore that's a different animal.

what futures are you trading??

I do not know, I do not follow your logic/view not because it is not valid or anything but I do not use this fancy volume profile studies like value areas and all that [and this fancy order flow stuff] as most people here, and I honestly think there is a lot of hype in regarding this tools, not that they are not useful but there is just a lot of hype.

Well markets is selling off at the close and this is a sign of weakness, watch out... And I trade YM, NQ, ES, ZB, ZN, ZF, NG, GC as of today.

Last edited by mrphr; January 31st, 2018 at 01:50 AM.
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