Expert Charts, Trading Tips and Technical Analysis from INO. December 29, by Jeremy Lutz. If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC.

We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Would you like to know exactly where to enter that trade, and where to exit? Would you like to trade this technique with a 2 point stop loss or less? It Doesn't Matter if the Market is Going Up or Down, This Simple-to-Learn Method Has a Historical Accuracy of 80 Percent! Using just two key numbers each day, floor traders and other professionals can try to pick the direction, entry price, stop loss and target price of a particular trade.

Each morning you will know what those two key numbers are. What could be easier? The Value Area Secret Tip When the market opens above or below the value area, and then gets in the value area for two consecutive half-hour periods. Many traders familiar with the value area and the techniques that go along with it use it to help them decide what trades to do each day.

If the market opens above the value area, try to enter a short position as close as possible to the top of the value area. Conversely, if the market opens below the value area, aim to enter any long position as close as possible to the bottom of the value area.

Once you get used to it, you will find that using the value area each day will be valuable in your trading. However, there is an exception to be alert for.

Watch for it to get back into the value area for those important two consecutive brackets or minute bars. Trading in futures and options involves a substantial degree of a risk of loss and is not suitable for all investors.

Past performance is not necessarily indicative of future results. Guest Bloggers Tagged With: January 2, at 4: Hi , for those who don't know me as I am know on many financial sites , I think short term trading is the way to go. However to do short term trading you need help. First , you are tied to the computer. Second , your mind has to be clear. Third you have to sure of your method and not give a second thought to what you are doing. As to prediction of price movements. Looking at the remarks here most of the members are into lots of lagging indicators that track price or confirm a movement.

How to Pick Intraday Market Direction – The 80% Rule

Personally I don't like being late for anything. These method by defination are late. As to value areas , this method , seems ok if the markets have a gravity to this areas.

It is too iffy for what I read. January 2, at 3: How do you get volume to figure out the value zone.

The point that this at best could be very time consuming unless you have software that computes this. Iguess you can guess this with a scattergram chart with vol on the y axis and price on the x axis. Obviously this requires programming and is possible but if you don't have a programmer who works cheap you are out.

January 1, at Levin recommends going long or short as close to the extremity of the VA as possible with a point stop. In the morning it traded within the VA meeting criteria at the 10 AM bar, but rallied back to It then continued to meet the criteria, and traded down to Best to use a break even or better stop on the second contract after taking profits at an interim target on the first contract. Try for a 2. Anyway, that is how I think of it, but perhaps others do it differently.

I use Interactive Brokers, which provides real time and very low commissions. Using the e-mini is the value zone determined based on the full day trading including overnight action? December 31, at December 31, at 8: December 31, at 5: Months ago I checked out this system and had the very same question.. If I took time and sales from yesterday and ran them thru a spreadsheet I guess I could massage the numbers and come up with the 'value area'..

But I trade a variety of stocks and it was completely impractical. I have been playing with 'Volume By Price' which is available on StockCharts. Unfortunately their charts only show daily or weekly, so although you can check for 'headroom' or 'vacuums' in the volume at certain prices, you can't see those areas on say a 5 minute chart, so it would not work for this system.

However, ThinkOrSwim offers their platform for free and they do implement 'VolumeProfile' as one of their studies. Apply it for any chart on the 1 minute timeframe and you get a top and bottom of the value area and a 'POC' which pretty much corresponds to the most actively traded timeframe.

Pretty easy to see. December 31, at 3: Fortunately, Barry Levin publishes those numbers in his daily pre market newsletter which anyone can sign up for. He and his traders also have webinars and provide a training program. They evidently have up to 12 techniques they use. You have to extrapolate a bit as Marketclub provides 20 minute delayed quotes, but I also have IRA accounts with Fidelity so have access to real time quotes from them.

With my HP laptop, I do alright. I am retired so I don't have a day job. I would not advise doing it unless you are able to do it full time. However, these techniques have provided me with some excellent position trades, and one advantage of using the options is 'staying power' so that there is the option of carrying a position overnight or longer, something one probably would not want to do with the E-Mini with the overnight swings.

December 30, at 5: December 30, at 4: It is a killer indicator for trading the E-Mini with low risk entry points. One needs real time prices for best use. The POC point of control is in the value area at the price where the highest volume took place and acts as a pivot. December 30, at Here's what I think would be awesome.

Day Trading Strategies For Beginners

I mean think about. It could supplement the trade triangles technology nicely as they tend to become less useful in trading markets like the kind we've been in. December 29, at 7: December 29, at 4: December 29, at 3: A very interesting tip. December 29, at 1: Pulse Markets Futures Stocks Forex World Indices Metals Exchanges Charts Symbol List Extremes Portfolio News Headline News Commentary MarketClub Join Now Top Stocks Top ETFs Top Penny Stocks Top Forex Trend Analysis Videos Market Analysis Email Services Blog Free.

Wednesday Jun 21st, 6: Comments Chuck says January 2, at 4: Show me Gann traders and market mappers and show me turning points in advance. Yes , I have an answer for all of this , but do i need help to automate it. Wouldn't worry about overnight as it should have considerably less volume anyway. The VA is based on normal trading hours, not on overnight trading.

Are the target price and the stop loss points the extremities of the value zone? I have TOS so I will check it out to see how helpful it might be.

First Hour Trading - Simple Strategies for Consistent Profits - Tradingsim

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