Value Area Market Logic
Range Observations
Following an NR VA day (NR= 3ES points or less) If price opens away from VA and comes back to test a VA extreme, there is a better chance price will push on through to the McGuyver point or beyond. So a conservative trader could put a limit order there, entering closer to where he’d be wrong. If he fails to get filled and price turns back he either goes to market reactively or waits for the next trade, with no recriminations.
See 1/18/06, 2/7/06
Following a WR directional VA day (+ 8 ES points or more) that was part of a T day look only for trades in the direction of the WR VA day
Following an NR VA day (NR= 3ES points or less) If price opens away from VA and comes back to test a VA extreme, there is a better chance price will push on through to the McGuyver point or beyond. So a conservative trader could put a limit order there, entering closer to where he’d be wrong. If he fails to get filled and price turns back he either goes to market reactively or waits for the next trade, with no recriminations.
See 1/18/06, 2/7/06
Following a WR directional VA day (+ 8 ES points or more) that was part of a T day look only for trades in the direction of the WR VA day
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