Happily, watchers of the blog are now getting more interested in Context but somehow still don't quite get it I think. Kiki had the same issue in the beginning. There was a comment yesterday about a trade from Otto:
Fist of all thanks for this great blog and all your sharing!
at 16:19:29 we had a long @ 1086.50 (if im correct...) i was thinking that we had some room to Yesterdays val @1090.50. We had already 1090.50 high.
But trade didnt get far.
Was it a valid trade? was context correct?
My answer was:
Otto, I would not have taken that trade as you were near the top of the developing VA which was resistance.
OK, let's get a bit more specific.
I use VAH, VAL, POC, DVAH, DVAL and single prints to lean on to make trades. The EMAs are also areas I lean on. The areas that are visible before I start to trade, I mark on my Profile. The others such as the DVAL, DVAH and EMAs I watch as I trade.
There are setups that come along nearly every day that I trade. An example is the ES RTH Gap Trade. There are more. You find them by observing and by replay and by scouring charts. I'm not going to do everyone's work for them as it has no value unless you find them for yourself. Besides, if you don't want to put in the effort, it will be reflected in your results.
Its vertical price movement in context that I trade. I don't trade indicators. Indicators just give me information about vertical price movement in context. I focus on that.
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