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Lets break it down for the newcomers:
The #Globex #ForceSweep is a simple momentum break mean reversion strategy...
That's a fancy way of saying we look for a price range to break (the Globex #ORB aka Opening Range Break), which dictates the directional bias used to position when price "reverts to a mean" (aka an average in price).
I use the session anchored #VWAP (Volume Weighted Average Price) which beings at the #Globex 5 pm CST / 6pm EST open.
The yellow lines (high and low) and grey box are the 10 min opening range for the Globex session. Once price breaks above or below these levels, the white line (anchored session VWAP) becomes an entry point.
Tonight, it was a short -> so I use the NEW LOW OF THE DAY as a target. Whatever the distance is to the target, also becomes the distance I use for a stop (1:1 risk).
Finally, I look for #OrderFlow to confirm there is in fact a "building" of participation from the side of the market I am looking to join (tonight I wanted to see order flow confirm sellers were in control). I watch the #CVD to be making (in this case) lower lows and lower highs (trending lower), but also some "absorption" when we trade the VWAP (tonight's absorption was above the VWAP and literal bull trap! LOVED TO SEE IT).
With that all being said: this is a simple trend following strategy that defines the most basic of trends and gets you in at the ground floor. It has everything a good system should and takes into account the big three:
Time (relativity of your setup)
Price (where)
Participation (volume and order flow)
In other words, completely defines a narrative of WHO, WHEN, and WHERE -> a complete picture.
If you haven't started trading this simple setup, get yourself a new eval and try it out for yourself.
@TradingLucid has 40% for your first 5, and 35% after
Use Code: SITH


SithTrader@SithHaters
WOOSH #Globex #ORB #ForceSweep Tonight it broke the range lower Sold the #VWAP Took a little heat - but worked like charm! I even hear we had the luck of the @IrishWave_ in on this one!
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