so the record will be broken, and that the levels and which will deduct the price rebounded.
In order to clearly define what is level, I define it for myself so.
base from which there was a sharp departure prices.
Time frame is up to you. I use 750 volume during ETH for the 6E. The white dotted lines are my key levels that I watched today. So what I would do is watch the tape and DOM when price gets close to these levels. You could mark your levels where you think there will be some type of reaction.
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They are similar to my levels a month ago Bob. If you ever see me trade a breakout, I am not following my trading plan. My view on breakouts is I should already be in the trade when they happen, and if I'm not I should wait for a PB to enter. Of course I don't always follow my rules though
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Somebody sells the European session on the tape? Or is all the trade only American? (RTH).
If someone sells both sessions, it is necessary to take into account the liquidity and volume. Europe to filter strip should be one for the other America. I understand you correctly?
How is the value determined? For example, for 6E. Which filters are set for Europe? Which filter for America?
I see a lot of limit order stacking both on 26.25 bid and 26.50 offer, looks like two big guys are battling. Otherwise i can not explain this PA. Please suggest what happened here?
00:30 - 00:50 - buying on the tape till the 27.50 lvl, which quickly dries up.
1:00 - 1:30 selling resumes, on 26.00 lvl we see a lot of activity
2:00 - 2:12 I see that a lot of trading goes against 25.75 first on bid side, then price ticks down, not much trading is seen on 25.50 lvl and then immediately after that I see a lot of active buying against the same level both in tape and DOM. I would've entered somewhere here.
Seems like this was the "theme" for yesterday. Seeing it sit on a level, thousands of contracts hit both sides, move to another level, same thing again. I don't have any explanation for it but you will probably see more of this as the volume dries up for the rest of the year.
I like the way it slips through to 25.50 a number of time & each time it does, they just take out the offers again. It does finally slip through to 25.25 and then the buy market orders come in. It seems to tick back up a lot 'easier' than it ticked down.
This sort of action, where the "with trend" players back off is your aggressive entry. When the counter-trend players step in, that's a less aggressive entry. Lot's of time's you will see "with trend" players back off only for it to be a pause in the action before it continues the original move. That's a good way to get run over on a one-way day.
The toughest reversal is the one where you get to a level and out of nowhere, countertrend orders just flood the market with no warning. There's really no warning and order flow doesn't help to nail that original move because by the time you see it, the market moved up 6 ticks. Then you have to figure out if this is a reversal and whether you can now find a pullback to get in on.
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