15 MIN. P144 On NQ. There is a squeeze for both instruments. Do not force trades with hopes of big trades. you may scalp zones
Unlocking Trading Strategies: The Importance of Understanding Standard Deviations for Traders
The percentage of price action within 1, 2, and 3 standard deviations from the mean will depend on the specific market and time period being analyzed.
However, it is generally true that the majority of the price action (about 68%) will fall within 1 standard deviation of the mean, around 95% of the price action will fall within 2 standard deviations, and almost all (99.7%) of the price action will fall within 3 standard deviations.
Traders need to understand standard deviations because it is a key statistical concept used in analyzing and predicting market behavior. By understanding the distribution of price action around the mean, traders can identify potential levels of support and resistance, set appropriate stop-loss and take-profit levels, and manage risk more effectively. Standard deviations can also be used to calculate volatility, which is an important factor in determining trading strategies and position sizing.
Pressure release signal on the 1-minute chart Blue dot – bullish pressure release Turnover and backtest ES and NQ dealing with resistance NQ – 4th
In this blog, I (Jose Azcarate) provide an analysis of SwingArm Trading Market from 15 June to 22 June. Summary of today’s price action in
swingarm trading discussion: Summary of today’s price action in one chart: Notice the blue candles then the white once it bottoms out. Time Cur. Imp.