[nqrack] 2025-05-07 here's what's next

Not much to say here

The numbers are still the same, really. We’re in the same old range, waiting for Mr. Powell to speak this afternoon.

The Big Picture

This is a balance. We’re in it. My man dre will knock you out in a minute. ;-)

Until she breaks out or breaks down of this balance (represented by the histogram channel), the numbers remain the same, from where we need to go or leave in order to move further. They’re waiting until Jerry says something.

Overall, we’re still at a critical level, and I’m personally not certain about initiating longs from here (longer term) just yet until they blow past Fridays high (20277) but really the 2024 value area high, at 20836. Between here and there we have plenty of numbers from where they can dump pretty hard. We are not out of the weeds yet, but the more time they spend here in this upper range, the more likely they may be plotting for a move higher.

Trading Lesson and a note

Interesting to note however, is, where she seemed to “rocket” from at futures open. There’s a big ole candle of note, that took all of 5 minutes to create. i tell you what it is in my twitter, and serves as a brief microlesson on “how i trade this”

the market consolidates while it’s in the middle of a move, before turning directions. understanding the value area of those consolidations can be useful during retests of those areas. For me, I use the 2 minute timeframe, basically prime for day trading. (others like 3, 5…2 is suitable for those with ADHD traits 🙂 ) Think about it: when you look at this same consolidation from say a 30 or hour time frame, it looks like only a few candles, and by the time you get to 4 hours it’s a wick…but where on that wick the entry can be, is largely determined by the value area of the consolidation. And, the points that i choose to go long usually range from the top of the value area, down to the point of control of that area.

Again, if you are confused about these concepts, Value Area, Point of Control, I will tell you, if you’re serious about trading, you will get familiar with them, at a bare minimum. They will change how you look at markets forever.

And for a great initial lesson on this, this video in particular is the one.

https://www.youtube.com/watch?v=wPgsBNAx0E4

News

Everyone knows this, right? 🙂 

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Here’s to patience, confidence, learning, and profits! 🫡