game changing price action at the Sunday night open.

It’s the start of the trading week, and we had microgaps down in the most important markets (the index futures and the major currencies).

Microgaps are a hidden sign that there is a tiny buyer-seller imbalance at the start of the trading week.

Most often, if you look back at powerful moves, there were microgaps in the first few bars, which is why I pay close attention.

Why does this work so well? At the start of a move big money is getting positioned *before* the move is obvious.

Large traders getting positioned leave clues. 

Since the big money wins most of the time the easiest way to make money as a trader is to bet on the side of the big money.

Easy, right?

If you want to know more about reading markets this way I have an excellent course in reading the price action bar by bar

Its the best material I’ve seen on price action 🙂

That’s all I got for today.

Scott

Leave a Reply

Your email address will not be published. Required fields are marked *