Thursday, May 20, 2010

20.05 daily recap

- value was overlapping, showing signs of a rotational day
- B, C & E shifted higher, but E closed down, below VA, possible selling continuation in F which went in G as well
- G closed below value but in H buyers rotated price back up to mid IB
- i think it's very important to look at distributions how they shift/break value, how they close, how price it is accepted/rejected; if there is any follow through when price closes to one extreme
- and all this analysis of the volume profile distributions should be made in conjunction with analysis of the range charts and trade decisions should be made when "all the planets are aligned"
afternoon session
morning session

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