Volatility, VPOC and accumulation and distribution indicators in focus in this session
Some great price action on crude oil driven by the weekly oil inventories, whilst the US indices remained rangebound.
https://youtu.be/N8septNcStk...
Scalping oil futures using the Quantum Trading tools and indicators
Some great scalping opportunities in oil futures on the NinjaTrader platform using both the time-based charts and the non-time-based charts of tick and renko, with a nice bullish move.
https://youtu.be/qFB1CW-Bccg...
Now that’s what I call a reversal!!
A terrific session on the US markets as the plunge in equities during the morning, was reversed in the afternoon with an equally strong recovery, with the three sister indices all closing on the day with an extreme wick to the lower body and a close near the high of the session. A fantastic trading day and one with many VPA lessons, not least the importance of understanding the relational aspects of market behaviour of bonds and currencies all of which sent clear signals of this change in sentiment.
https://youtu.be/sp76-cYO6lU...
When volume really does reveal the truth behind the price action
https://youtu.be/aHAf6LAAgkE
An excellent trading session for US indices, commodities and stocks following the extreme moves of last week and at times such as this, volume price analysis becomes ever more powerful in helping to reveal the truth behind the price action. What was interesting here was the volume associated with the wide spread down candle which was the precursor to extreme volatility which followed and which is likely to continue for the next few days as markets calm after the storm. Whilst the volume associated with the candle was high, as we explained in the session, this appears to be an anomaly and certainly when compared to volume on the following day which was extreme, and highlighted this anomaly further. So what are we to make of this, and all was explained in the session as we focused on the YM emini daily chart along with other US indices.
And for intraday index traders, we picked up a great move in the...