2/6 Recap
Today was an extraordinary day for the orderflow traders, especially the ones who were active in the chatroom! The alert to watch out for 4116 proved to be extremely beneficial as it almost held the market up for the entire trading session. There was a significant amount of volume that built up around this price level and it formed a skyscraper type profile. If this range breaches, then there is potential for volatility of 40 handles up and down. OVN prices have held inside the range which we will look to take trades inside again. Make sure to stay tuned in chat again for any urgent updates!
Value Areas
3903 - 4042 / POC 3967
3825 - 3895 / POC 3864
4075 - 4172 / POC 4137
What is a bell curve and how can we interpret it?
Many have seen Bell Curves before which are how we interpret Volume Profiles. This breaks down Profiles into areas of value which are known as Value Area Low, Value Area High, and Point of Control. Using these values are one of the ways you can form a system to trade around. Using same concept of Bell Curve distribution, we apply these same values to Profiles which can vary depending on the timeframe being used. In Bell Curve terms these are known as the standard deviations.
Events
Powell speaking 1240 EST
Earnings
Daily Plan 2/7/23
LEVELS
ES Long 4109 > 4134 / Short 4134 > 4109
NQ Long 12482 > 12604 / Short 12604 > 12472
SPY 0.00%↑ Calls 408.54 > 411.19 / Puts 411.19 > 408.54
QQQ 0.00%↑ Calls 302.72 > 305.67 / Puts 305.67 > 302.72
AAPL 0.00%↑ Calls 150.78 > 153.02 / Puts 153.02 > 150.78
TSLA 0.00%↑ Calls 187.2 > 199.02 / Puts 199.02 > 187.2
NVDA 0.00%↑ Calls 209.42 > 216.13 / Puts 216.13 > 209.42
MSFT 0.00%↑ Calls 256.97 > 262.61 / Puts 262.61 > 256.97
AMZN 0.00%↑ Calls 100.68 > 104.23 / Puts 104.23 > 100.68
AMD 0.00%↑ Calls 81.61 > 85.98 / Puts 85.98 > 81.61
-Flint
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2/6 Recap + Daily Plan 2/7/23