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slowpork
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Trading with Market Statistics VII. Breakout Trades at the PVP
slowpork replied to jperl's topic in Market Profile
From my screenshot of 2-min EurUsd futures on 8/12. As a newbie, I can understand section A where skew is negative (blue VWAP is below purple PVP) and to trade short from VWAP and target at SD1 or SD2. However, in Section B, purple PVP moves below SD1 and skew becomes positive. Price doesn't seem to care about positive skew, breaks downside and touches SD3 3 times. I don't wanna be newbie anymore. How do I trade as an expert? Scalp using Shapiro effect and go short at SD1 & SD2 , and long at SD3 & SD2 & SD1, whenever price touches them? Section C, PVP moves up while skew is still positive. However, price never touches VWAP. Price dances at SD1 several times before breaking downside from SD1 to SD3. If I were to go long and short at SD1 w/ Shapiro effect, I would be stopped out 2-3 times because getting it right. :crap: Any comments or kind words from Jerry will be greatly appreciated. -Slowpork