Heres the prior session ( rollover-rollover ) highs and lows with the PP . I see a LH today on the bar that grazed 3800 but backed off . If we get a close below todays low (123 pattern) we should see a retracement , or not , we'll see .
The following user says Thank You to Eric j for this post:
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The following user says Thank You to Big Mike for this post:
I've been lurking around for the last few weeks since becoming a futures.io (formerly BMT) member. After listening to Big Mike's webinar, "An Afternoon with Mike" I thought instead of staying in the background I'd post for the first time, and ask for some advice on optimal times to be watching the 6E market given my work situation.
I'm an US ex-pat living and working here in Europe (Stuttgart, Germany). So far, it seems while I am working I miss a lot of the London market. I get home usually around 5:30pm CET from work. By that time it usually seems that the US market is just about ready to hit the midday stretch and there just aren't a lot of quality trading activities. I had been studying the ES, but honestly....I was sitting for hours in front of the screen waiting, waiting, waiting....patience is not my strongpoint.
I've been racking my brain to figure out the best way to tackle this, but I'm sure there are a lot of folks here in Europe who already have it figured out! Any help would sure be appreciated.
Finally, after being here for 3 weeks I can say this.....It was a good decision in joining. I'm just about finished with the Elusive PA thread, and it has really affected me.
The following 6 users say Thank You to cal1152 for this post:
The indicator is a multi-timeframe indicator and still has some flaws (accuracy, CPU load) not posting therefore. This is what you can do to get exactly the same results:
Use the anaCurrentDayVWAP and put it on your chart (best ETH for FOREX or currency futures, RTH for other instruments). Then at every session close, draw a manual orange line forward 24 hours from the last value of the Session VWAP. This orange line represents yesterday's VWAP. Then extend that orange line by another 24 hours, but use a different color, for example purple. The purple color then represents the VWAP of the day prior to yesterday.
That is basically what the chart shows. It uses "yesterday's price" and the "price of the day before yesterday" to establish the intermediate trend, where "price" is the volume-weighted price of the session.
The following 3 users say Thank You to Fat Tails for this post: