Ahoy, fellow traders! So you’re itching to become the Captain Jack Sparrow of trading, eh? Before you swashbuckle through the stock market, you need a treasure map. Enter the Initial Balance trading strategy! This nifty tool can be the compass guiding you through stormy market seas. But hold your horses, we’re not talking about a literal balance here; it's more...
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.
In 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.
In this video I will demonstrate how to use my Opening Range / Initial Balance indicator to take profits on March 31, 2021.
Please watch and LIKE if you find it useful.
Thanks!
