👉 Decision Points:
In Intra Price Action; after opening and ORB next important point is DECISION POINTS, also slowly corelated to each other topics.
Let me sumup first imp key level.
In Intra Price Action; after opening and ORB next important point is DECISION POINTS, also slowly corelated to each other topics.
Let me sumup first imp key level.
https://twitter.com/sanjufunda/status/1471493804347719688
ORB high/low, DH/DL, WH/WL, MH/ML, PDH/PDL, Inside Swing High/Low, Fractal, BRN, POC/HVN etc.
Not necessary to use each n every thing always but with context it's become important.
Not necessary to use each n every thing always but with context it's become important.
Normally these decision points play important role of technical to understand trend will continue if break n hold, false break and reverse or very imp level break then momentum can happen.
These levels in general word work like supply n demand, also highly liquidity when it's happen due to most ppl active here to trade and as well counter party stoploss.
ORB and it's opening corelation written in last thread so it's clear how these levels work for continuation or reversion. Big candle itself say big story and it's high low more important than Previous day high/low (pdh/l).
It's more important if there is no more near by resistance or support then trend continuation can catch momentum.
Now few decision point hv different characteristics like point of control (poc), high volume node(hvn), CPR (centre pivot point)....
Now few decision point hv different characteristics like point of control (poc), high volume node(hvn), CPR (centre pivot point)....
Normally it's says how previous day consolidation happen (width) and near which point, considering when next time these levels test then previous ppl going to act and escape themselves. Little more brief, 70% activity happen in range sometimes in tight range, sometimes in trend..
There are so many more way of activity like double distribution etc. So these work as good decision point like trend up then these levels respect always.
BRN (big round number) generally these strikes hv highest activity by big participants in option.
BRN (big round number) generally these strikes hv highest activity by big participants in option.
So if players hold or Unwind then these levels become crucial to watch and as well ppl say psychological level but truth is big volume stay near big round number.
Last but not least Fractal but request to read and search more about it. Most important it's useful to you or not.
Last but not least Fractal but request to read and search more about it. Most important it's useful to you or not.
In learning everything looks complex but making decision simple we need to go through complex learning phase for anything.
I will recommend here to read decision point book which is very small and enough example in that book.
I will recommend here to read decision point book which is very small and enough example in that book.
Thanks for read, it's just my experience share nothing else. Can be avoided and live life ur way. Take care.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
