Outlier Day Ahead – September 21, 2011

[Billy]

For IWM discretionary traders only:

Price waiting FOMC at VWAP. Big volume is coming for the next 2 hours so VWAP monitoring will be key. You want to see buyers or sellers in clear control into the close.
Beware the first big wave up or down, usually a false move.
Cumulative TICK will be my leading indicator from the minute of the announcement. I'll ignore all the TICK readings of the last few days and hours. Kind of MIDAS anchored at 2:15 pm.
I'll be 100% focused and will likely not have time to answer RT questions. Potential gains or losses are huge and must be managed super fast, so if unconvinced, you'd better stay on the sidelines watching.
Good luck to all.
Billy

[Harry]

Divergence between Cumulative TICK and price up to 15:10 proved to be false move - good call Billy on the indicators to watch. I held my leveraged positions and will sell some before the close to align with Robot. Thanks again for the reassurance.

[barbados11]

Billy and Pascal,

Great stuff that you do here day in and day out. No one is always right but this one is amazing how it came together. Ole Billy!

Thanks,

Pablo

[nickola.pazderic]

No matter the weather, stick to your set ups and learn from the pros and the locals!



Thanks...

[Neil Stoloff]

Ditto.

Thanks to Pascal and Billy on behalf of subscribers who want to trade with the robots and then sit on their hands.

Neil