Hey everyone I thought I can share with you what I see working intraday trading the Futures markets. One size definitely does not fit all. Beware of people that tell you their way or the highway! This may resonate with some traders and not with other traders. Getting really good at identifying the Initial Balance, VWAP and Daily Weekly Monthly Levels for areas...
In this video I show you how I used the Opening Range and Initial Balance indicator to predict price. There was one real opportunity today to catch the rally of the ES. The pullback to the top of the Initial Balance at 8 am PST was a textbook long entry. *** I may have said NQ in the video. I meant the ES.
A demonstration of previous day value area, fibonacci extension and price action analysis. Remember to use your stops and trade with a plan!