Hi All,
Following up on the range (size of the move) after non-farm on Friday to see how close our range expectation estimates were (see the earlier video post linked here for that).
The actual number came in pretty poor and worse than expected at 22k (vs 75k expected).
The move on the Non-farm release itself was actually quite muted with roughly a 20pt move on both sides of our VWAP starting point. But the real move came around 30 minutes into the US open where we saw a quick decline down to our lower boundary (50pts lower at 6470) and then briefly over-ran to 6450. But we settled and that 6470 became support for most of the session before reverting back to that declining VWAP to finish the day around 6490.
So, what's the lesson here: a bit of time pre-framing the possibilities for moves in either direction using a combination of stats (ATR, standard deviation of range), other technical analysis tools (support/resistance, VWAP, vol profile) along with experience can help frame the day and the important levels. Use this to start to decide what tools to pull out of the toolbox (trading strategies) and where to initiate trades.
If you find this helpful and would like to see more please let me know.
Happy Trading!
Following up on the range (size of the move) after non-farm on Friday to see how close our range expectation estimates were (see the earlier video post linked here for that).
The actual number came in pretty poor and worse than expected at 22k (vs 75k expected).
The move on the Non-farm release itself was actually quite muted with roughly a 20pt move on both sides of our VWAP starting point. But the real move came around 30 minutes into the US open where we saw a quick decline down to our lower boundary (50pts lower at 6470) and then briefly over-ran to 6450. But we settled and that 6470 became support for most of the session before reverting back to that declining VWAP to finish the day around 6490.
So, what's the lesson here: a bit of time pre-framing the possibilities for moves in either direction using a combination of stats (ATR, standard deviation of range), other technical analysis tools (support/resistance, VWAP, vol profile) along with experience can help frame the day and the important levels. Use this to start to decide what tools to pull out of the toolbox (trading strategies) and where to initiate trades.
If you find this helpful and would like to see more please let me know.
Happy Trading!
Trader & Systems Architect
Co-founder of Rfactory & TSL
Board Member at the Society of Technical Analysts
Helping traders grow with mindset & tools
📈 Tools ➝ rfactory.io/tradingview
🎧 Podcast ➝ rfactory.io/blog/categories/podcast
Co-founder of Rfactory & TSL
Board Member at the Society of Technical Analysts
Helping traders grow with mindset & tools
📈 Tools ➝ rfactory.io/tradingview
🎧 Podcast ➝ rfactory.io/blog/categories/podcast
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Trader & Systems Architect
Co-founder of Rfactory & TSL
Board Member at the Society of Technical Analysts
Helping traders grow with mindset & tools
📈 Tools ➝ rfactory.io/tradingview
🎧 Podcast ➝ rfactory.io/blog/categories/podcast
Co-founder of Rfactory & TSL
Board Member at the Society of Technical Analysts
Helping traders grow with mindset & tools
📈 Tools ➝ rfactory.io/tradingview
🎧 Podcast ➝ rfactory.io/blog/categories/podcast
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.