in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Complete Guide to VPA: Chapter 5 by Anna Coulling
Selling Climax
With strong greed present after a huge rally, the initial highs and resulting retests are formed from insiders simply meeting the present demand of the market and using the market greed to offload supply.
Earlier tweets I stated that in order for the market to move down into the Mark Down phase, sellers need to be active. Otherwise shorting is futile. Active sellers represents insider effort to mark the price action lower. Remember, the big blow off tops such as this morning's price action is there to create euphoria and willing buyers. Then, dump it in the afternoon (see also Linda Raschke's 12 Rules)
Today was a great example of the selling climax, once closed on the daily. However, I do not think this is a reversal move. Simply a retracement to gather inventory in the mid-to-upper 4400s $ES, 15700 $NQ The best bet is to hold off on swing trades as I don't like to short such short lived moves.
From the mid-4400s $ES, 15700 $NQ, I will look for a build to attack July's highs.
43 - 3
New podcast episode is out! Only on Spotify!
open.spotify.com/episode/2jJt5VmjJzU7RDTxXBvH6H?si…
22 - 0
Today's range! Watch my previous video to learn how to work these into your trading!
https://youtu.be/tLWdJ9G8tP0
25 - 3
My name is Andrew, aka "OM", and I am an 10 year Stock and Options trader with a focus in ETF based contracts. My goal is to foster realistic and responsible trading practices through educational videos, live streams and interactive chat. In a world of YOLOs, HODLs and 90% losses, I strive to be the port in the storm. My trading practices are not flashy or sexy. But they are consistent and profitable; obtained through years of grinding my axe down to a razor's edge. So if you're tired of extreme swings, whether it be in your emotions or on your equity curve, then pull up a chair and lets have a conversation.
I am not a Financial advisor or licensed professional. Nothing I say or produce on YouTube, or anywhere else, should be considered as advice. All content is for educational (and sometimes entertainment) purposes only. I am not responsible for any financial losses or gains. Invest and trade at your own risk.