by optionsmillionaire | Mar 31, 2024 | Uncategorized
What is it?? The morning high is defined as the absolute high and low of the first hour of the NY session (0930EST – 1030EST). (Yes that includes the wicks too). The first hour range plots the major outliers of the order flow, or the “algo pivots”. This allows us to...
by optionsmillionaire | Nov 16, 2023 | Uncategorized
Studying Wyckoff changing phases As VPA traders, we are elbow deep in Wyckoff’s theory of price action as so famously presented by Anna Coulling in her book “The Complete Guide to Volume Price Analysis”.This theory outlines 4 basic phases of market movement:...
by optionsmillionaire | Jul 27, 2023 | Uncategorized
Post FOMC moves are known to be ridiculous. Today earned that reputation. At the bell, it looked like the buyers were all in the driver’s seat right up until the bell with NQ climbing from 15631 to 15904 overnight. We did not have any real known catalysts on this day....
by optionsmillionaire | Jul 20, 2023 | Uncategorized
The role of market awareness is a pivotal one in your system. It is particularly important if you are going to trade an index such as the S&P (ES) or Nasdaq (NQ) that you monitor the underlying(s) that make up said index. This one item alone can tip you off to a...
by optionsmillionaire | Jul 12, 2023 | Uncategorized
Wednesday July 12, 2023 S&P RecapToday was reporting day for June ’23 CPI data. The posting came in at 3.0% vs a 3.1% estimate. This marks 12 straight months of an inflation beat after peaking at 9.1% last summer. Market’s responded by an all-inclusive buy up from...
