Identifying Trade Opportunities

This installment will focus on breaking down the Globex data to identify trade opportunities as the auction's regular session gets under way. Navigating a powerful early morning gap doesn't have to be petrifying, so please feel free to ask any question you might have regarding the data or ideas presented. Again, the best ways to reach me are via email at bobbyrne@comcast.net or through the comments section below.

10-minute Es Volume Profile -- Trading Gaps Source: eSignal View Chart » View in New Window »

The 10-minute European/U.S. session chart above simply makes the break above balance and subsequent push higher a bit easier to digest. Without a doubt, the most important takeaway from this chart is the successful throwback/backtest of the thickest node on the composite volume profile (the throwback is highlighted in green, and the node is highlighted in light yellow). This throwback and subsequent push higher indicates that demand was both intact and expanding, and that the long-side was indeed the correct side to be on....448 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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