Frank Ochoa, AKA PivotBoss, is an 18-year trading veteran and author of the book Secrets of a PivotBoss. Frank actively trades via Ochoa Capital Management, LLC and has spent 15 years developing and deploying automated trading systems for private and institutional clients, while establishing an impressive reputation as a reliable market forecaster and as an elite educator.
I was scrolling through my watch list when I came across a potentially great opportunity in a 15-minute chart of NVDIA Corporation (ticker: NVDA) for tomorrow’s market.
The Market Profile™ (MP) offers an amazing way to analyze and trade the market. Understanding this powerful form of analysis can go a long way toward making you a better trader. However, reading and deciphering the information in its current format falls somewhere between complex and dense for the uninitiated trader. No worries. I’ll show you how I simplify MP so you can process the most pertinent information and incorporate it in your trading.
Having trouble following the topic of discussion when someone throws out the words “Camarilla Equation” at your local trader happy hour? Relax. I’ve got a quick primer for you that will remove the cloak of secrecy from this fascinating price-based indicator.
The Central Pivot Range (CPR) is one of the most versatile price-based indicators available to traders. This versatility makes this indicator a mainstay in my trading arsenal.