November 30th Chat: Pre-Market Chat

November 30th Chat: Pre-Market Chat

This was an impromptu chat that took place at 8:20 AM CT, 10 minutes before the market opened. The reason it was initiated was to discuss the very large gap created overnight and how it changes the auction landscape in the market. The gap was the result of a coordinated effort by several large central banks vowing to provide liquidity to Europe whenever needed.

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  • jwhtrades
    Posted at 19:48h, 01 December Reply

    I’m just finishing my first run through all four instructional webinars and this post really helped me a great deal. Thanks!

  • Tim Nickles
    Posted at 14:09h, 02 December Reply

    FT – I’m just getting up to speed on this stuff and had a question. I was looking at the O/N profile for ES from 11/29-11/30. There is a bulge in the profile from 1222 to 1234.50 from this O/N session. The bulge has two “hvn’s” – one at 1229.50 and one at 1226 (this was the VPOC prior to the VPOC settling on 1229.50 just before the open).

    When the market opened it swung down to 1226.50 and consolidated for 4 or 5 minutes before starting the move up – this was the LOD.

    In your homework video and others, you talk about reviewing the o/n action and profile. I’m curious if this level would have been on your “radar” after looking at the o/n profile. The fact that it was the o/n vpoc for a while means it was likely significant I’m guessing. I would assume that this level might have been worthy of attention based on these observations – can you comment?


    • FuturesTrader71
      Posted at 09:34h, 06 December Reply

      Yes, the 1226.00 was minor HVN that day that showed acceptance after a test. It behaved like “tall grass” as I have previously described in the golf ball analogy. I never know what will hold and what won’t, but this is a potential area and it held, so you read it correctly.

  • wwwingman
    Posted at 07:11h, 09 December Reply

    Hi FT71,

    Are your pre market analysis done in a “room” that is available to us members of your site ?

    Like your work. Thank you. A lot.


    • FuturesTrader71
      Posted at 18:59h, 12 December Reply

      No, they are currently done “as necessary” but will be a standard part of the services provided to our brokerage clients to support them in their effort to improve their trading.

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