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Los Angeles, California, United States
Experience: Advanced
Platform: ThinkOrSwim, Ninja Trader
Trading: Futures
Posts: 116 since Aug 2013
Thanks Given: 5
Thanks Received: 80
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@ dakine
What would uncle Jerry say about this or what would you say is consistent with his approach in a situation like this? Here is the setup:
Weekly
ETH
RTH
The top-down approach is the correct one but for an intraday trading, the Weekly VWAP/Profile is not always useful because things usually take longer to develop on a weekly time frame.
Still, if the skew on the Weekly is negative, the skew on the ETH is negative, but after the VPOC shift, the skew on the RTH is positive - what is the right thing to do? An obvious answer might be "nothing," stand aside and let things develop, but this kind of situation is not uncommon. There are often different skews, especially between ETH and RTH.
What are your thoughts on this?
I appreciate your feedback.
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