Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TinGull

YM Analysis

Recommended Posts

Yesterday in the chat room someone had asked what might happen tomorrow (being today now). TPO counts shows sellers in favor of the win. Sure enough...now the YM is printing 44 below its close.

 

When more TPO's reside above the point of control we have the sellers in force driving price back down from the top.

The profile from yesterday is interesting because value took place almost completely under the Initial Balance. Same thing happened on 12/21 adn what happened then? The YM closed at 12512 on the 21st and opened up about 20 points lower to never see that opening price again and closed nearly 100 points lower. Interesting to see that. IF we were to open inside of value...what kind of range could be expected? Well...I'd say no matter what we could potentially see a 100+ point range day, but looking to be right around 100. !0 day ATR is showing just over 100.

 

How could you play it to capture a good part of the range? Let's see where the most likely candidates are, shall we?

 

When we have the first period (A period on my charts) setting the tone, we want to see what the B period will do. This consists of the Initial Balance. Notice that in the B period, we auctioned lower by a touch, but mostly ranged about 10 points either side of the open of that period. Then..we see C period open higher, but get rejected above B. This is an imbalance. A good trade location was right around that 510-513 area, which was also a weekly pivot and the previous days high. We see that from there, we auction much lower to the low of 440ish, which was the POC from the day prior.

 

thum_44245a4ef9bcf4ae.png

Noticing these kinds of imbalances quickly helps you get great trade location.

 

Going to the upside...you see that E and F periods stalled at 438, both periods. When you see this type of ledge forming, and then the FAST rejection in the G period, we're heading up. If you placed your order at the POC, 442, you could place your stop around 434 and know if you got stopped, balance is being found in that area.

 

thum_44245a4f08c38866.png

Points to watch for:

 

Resistance:

496

532

513

 

Support:

405 is a key level, big buyers sitting there

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, watch for a top of range breakout at https://stockconsultant.com/?NFLX
    • SMCI Super Micro Computer stock watch, attempting to move higher off the 34.06 support area at https://stockconsultant.com/?SMCI        
    • UPST Upstart stock watch, pull back to 68.15 gap support area at https://stockconsultant.com/?UPST  
    • Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though.
    • The big breakthrough with AI right now is “natural language computing.”   Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language.   That alone is a huge breakthrough.   The next leg? AI agents. Where they don’t just speak back to you.   They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps.   Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites).   They can:   > Reason across multiple steps.   >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.)   > Remember things.   And AI agents are not islands. They talk to other agents.   They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring.   What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.”   It gets to work.   First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had.   It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year.   What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter.   Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?"   Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view.   It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month.   The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you.   Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed."   AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people.   AI agents could change that.   BUT, remember…   We’re in inning one.   AI agents have a ways to go.   They’re imperfect. They mess up. They need more defenses to get ready for prime time.   To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight.   Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential)   Profits from free accurate cryptos signals: https://www.predictmag.com/     
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.