I have a slightly bullish bias for tomorrow. I think we're gonna be range bound for a few days though. But again, it's a thought, and that's it! Doesn't mean I will trade with a bullish bias. I will trade it as it comes. Every moment in the market is unique, and I don't know sh*t! Trading with that mindset helps manage expectations (as in, I have none). No expectations means little or no disappointment.
I'm sure these TICK trade setups are sounding repetitive by now, but that's the point! Check it out. Here's why you should have sold here: Price couldn't make it back to 1st hour high (weakness), higher high on price, lower high on TICK (divergence) and zero-line reject.
Gap filled by 9:00 AM
ES/TICK (3-min) Look at where TICK is all day. BELOW Zero!
ES Market Balance (5-min Day Session Only)
TF Market Balance (5-min Day Session Only)
TF/TICK (3-min)
What does TTP Balance indicator represent? Looks like you are using TradeStation?
ReplyDeleteThe TPP Balance indicator automatically plots significant levels like the opening range 1st hour high, 1st hour low, prev. close, mid-point, globex high/low, etc. It also plots the Upper and Lower value areas; this is where 80% of the trades are taking place. Hope this explains it. Let me know if you have any other questions.
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