Day Trading ES with Simplicity! Initial Balance VWAP and LevelsHey 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 of Supply and Demand, (where macro traders sit) you can get a great edge over time with your trading and build a ton of confidence. Check it out for yourself. I also use order flow to actual enter and manage my trade ideas but that is for another topic. Everyone take care out there.
Initialbalance
NDX 14850 would be a great targetWhen it has been a risk-off day recently the market has gapped up during the London session only to reverse trapping the longs.
Yesterdays we closed the most recent gap and if we can get out of the initial balance we could be travelling higher towards resting liquidity sat at 14500 on the futures (NQ)
Trading the ES on 4/5/2021In 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.
April 1, 2021 - Opening Range-Initial Balance Trading the NQIn this video I will show you how I took a very common setup with the OR/IB indicators. The setup is to fade the first touch of the IB range, after the range has been set. As you can see, price rejected at the IB high and came down to tag the Overnight High (the magenta line).
This trade netted about 50 points on the NQ.