In this video learn how
In this video learn how our equities trading desk uses unusual trading volume to find a profitable Gap and Go and PullBack Trade. Two proprietary traders from our firm show how they use a powerful trading signal to find profitable trades right on the trading open. http://smbu.com/mike to register for our free intensive trading webinar
#tradingvolume #tradingstrategy #pullbacktrade
*SMB Disclosures* https://www.smbtraining.com/blog/smb-disclosures
Ride those whales!
Thank you all greatly!
I appreciate your work!
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What’s SMB Capital’s definition of RVOL? For example, when RVOL is 5.89 at 9:34 AM, does the RVOL value represent the ratio of the volume being traded at minute 9:34 compared to the average volume at that exact minute over the last 30 trading days? Or is it the ratio of the volume that has traded up until that point today (in this case up until 9:34 AM) compared to the average volume up until that exact point in time over the last 30 trading days? Which is it? And does it take into consideration the premarket volume?
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Find out how to determine
Find out how to determine the market direction of the trend with unusual volume and price when day trading S&P 500 futures without any technical indicators. ? Get my free weekly stock trading / investing ideas in email: https://hot.wishpondpages.com/ideas/ #DayTrading
? Subscribe & turn on the bell for more free market & stocks analysis: https://www.youtube.com/channel/UC86FwxKYhAxviqnDhfLPOIw?sub_confirmation=1
Check out the video for a complete walk through of the market analysis of S&P 500 futures (ES) for 6 Jan 2021 trading session. In this video, you will find out the market recap during the last session and a trade review in the three-minutes timeframe (including entry, exit and the rationale behind). Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.
0:52 Market recap
4:20 Trade review
6:55 Bearish market direction
7:20 Unusual volume
10:20 Compare the unusual volume
12:30 Wyckoff Effort vs results
15:00 Trade entry opportunity
17:45 Current stock market outlook
Watch my market analysis video in the last session if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3770, 3720; Support: 3670–3680
Potential setup - Look for potential reversal at the key levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Great lesson, thanks again Ming.
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Learn how to scan for
Learn how to scan for stocks with abnormal volume using the Scanz platform. This scan can help you find big momentum trades early.
Start your FREE 7-day trial of the Scanz platform at https://scanz.com