NQ Trading Time Zones
In order to be a great trader you will need to understand the TTZ's (trading time zones). These are the Overnight (O/N), Pre Hour Open (PHO), Open Range (OR), Dead Zone (DZ) and Close (final hour). The OR is the 1st 30M or 60M, Dead Zone is the 2nd hour until final. These zones act very differently and have a consistent bias. The O/N is usually Long, especially after a down Open Session. The DZ is random and will/can have tests or retests of O/N or OR range. The Close is random. The other reliable price action levels are the Top/Bottom of 1st 30 minute levels. You will see the day action test and retest these levels.
I use Range Bar charts and not time based charts when trading. I find that Price is the best indicator. Volume Profile is also useful. Especially the equilibrium indicator. These are battle zones between buyers and sellers, price will change change direction at equilibrium levels. Past or historical equilibrium levels (I use 30 minute levels) can be used as targets.
Things to look for with set ups and head fakes, in all TTZ's. Divergence, when strength is declining and price is rising. This is reliable with identifying a Drop or Pop. Rising price and falling strength Short Set Up. Falling price and rising strength Long Set Up.
Range Bar settings: O/N 20-27 bar, Open 27-200 (depending on the day). Lower volume TTZ's, use lower setting and higher volume use higher. Scalp trades utilized with stops and take profit settings and can be repeated as price is range bound or trending (up/down).
Air Pockets, these are when price rises quickly on low volume (usually in O/N or DZ). Price usually will retest these, eventually. There is no question that these markets are somewhat rigged or manipulated (stabilized). This is usually skewed to the long side.
Focus on the PA during the TTZ's and you will identify the patterns within each TTZ. Review prior Post's to see original market call projection (yellow arrow) and the intraday adjustments within these TTZ's. Chart colors, light shaded white O/N, shaded white (OR 1st 15 minutes), shaded yellow (2nd 15 minutes), black (DZ) and blue is close.
I use Range Bar charts and not time based charts when trading. I find that Price is the best indicator. Volume Profile is also useful. Especially the equilibrium indicator. These are battle zones between buyers and sellers, price will change change direction at equilibrium levels. Past or historical equilibrium levels (I use 30 minute levels) can be used as targets.
Things to look for with set ups and head fakes, in all TTZ's. Divergence, when strength is declining and price is rising. This is reliable with identifying a Drop or Pop. Rising price and falling strength Short Set Up. Falling price and rising strength Long Set Up.
Range Bar settings: O/N 20-27 bar, Open 27-200 (depending on the day). Lower volume TTZ's, use lower setting and higher volume use higher. Scalp trades utilized with stops and take profit settings and can be repeated as price is range bound or trending (up/down).
Air Pockets, these are when price rises quickly on low volume (usually in O/N or DZ). Price usually will retest these, eventually. There is no question that these markets are somewhat rigged or manipulated (stabilized). This is usually skewed to the long side.
Focus on the PA during the TTZ's and you will identify the patterns within each TTZ. Review prior Post's to see original market call projection (yellow arrow) and the intraday adjustments within these TTZ's. Chart colors, light shaded white O/N, shaded white (OR 1st 15 minutes), shaded yellow (2nd 15 minutes), black (DZ) and blue is close.
Note
Yellow Long set up and White Short. 12348 is KL (key level) for a Look Long or Strong Short depending on price action. Upper indicator is MAC and Stoch combined. Notice the O/N retest of prior 1st 30M bottom and rejection. NAZ now retesting KL of 12361. The O/N pop is most likely a Pop Drop Offset. May see retrace back up, stall then drop below 12361 or white line. The O/N has been used to keep the NAZ stabilized during the YTD drop.Note
100 RB Chart, channels are equilibrium levels and red lines are KL'sNote
Example of Divergence set up to Long ScalpNote
After Long, Short set up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.