Patrick who heads the Menthor Q Futures Trading Room shared his approach to trading futures using Gamma Levels. He uses Gamma Levels to spot Blind Spots or Market Reaction Zones.
Case Study. How to plan you day using Blind Spots on NQ
Take a look at this Video. We will show you how to better spot hidden reaction areas by using the new Blind Spot Levels. In this video we will go over NQ and how to better define your plan to help you manage risk more effectively. Complex data is now simplified.
He looks very close at correlation between assets to spot additional market reaction zones to be more profitable. For example if you are trading NQ Futures, you need to pay attention to what is happening with other assets like SPX or SPY. These assets can have an influence in driving the price action on NQ.
Now let’s look at this chart of NQ with the NQ Levels from May 10th 2024. The chart can provide us some really interesting levels to plan your trading plan.
Now let’s add the SPX Levels
Now what happens when we add the SPX Levels to our NQ Chart? By adding this correlation we can now spot some very interesting areas. For example the SPX 1D Max in the NQ chart would have given us a perfect confirmation for a short entry.
On Tuesday we will discuss about this in more details!
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