Use Balance of Power for Early Entry into Stocks
Today the complexity of the modern markets, challenges Retail Traders more than ever before. These challenges have increased exponentially since the advent of Retail Trading in the 1990’s when Retail Brokers made it possible for the average person to trade short-term.
Beginners go watch the How to Trade the Stock Market webinar on how to find stocks to trade, learn how to choose the most profitable stock, and identify the risk of the trade.
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TC2000’s proprietary indicators offer the ability to detect Dark Pool Buy Zones™ and preset patterns for High Frequency Trader gaps, and also Professional Traders runs. However it requires understanding these indicators, how they work, and what patterns indicate which Market Participant Group is in control of price especially when interpreting Balance of Power.
Changes to trading venues, new professional order types, and new routing systems have altered how Balance of Power MUST be interpreted. Behind every pattern is the key to unlocking WHO controls price. When you know if it is a Dark Pool Buy Zone, tells you how price will behave in the near term. When Professional Traders are showing up in the Balance of Power Indicator, then price will move differently. Each Market Participant Group has their own unique Balance of Power indicator bars pattern.
Go watch the Balance of Power webinar for Leading Indicator Training on how to track large lot vs small lot activity, which patterns represent Dark Pool Buy Zones, which patterns indicate a bottom formation, and how to get into a stock ahead of huge gap or run up.
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The chart example of below shows a Balance of Power indicator “Shift of Sentiment™” which signals that momentum energy is about to occur.
This is one of many new signals that this indicator provides. These signals and especially the Shift of Sentiment LEAD price, or in other words that Balance of Power pattern will form prior to a sudden momentum run.
Recognizing
and interpreting Balance of Power with a Shift of Sentiment is just one
of many critical patterns all TC2000 users need to learn. The reason why is
because Balance of Power is one of the rare indicators that can actually track
and disseminate large lots versus small lot activity. When large lots are
active it means Buy Side Institutions are accumulating using Dark Pools and after they have concluded their buying,
High Frequency Traders and Professional Traders discover the liquidity draw. Then it is their
buying that creates the momentum energy after the liquidity draw.
Summary
Learning to use Balance of Power is fun and easy. It is just a matter of learning the new patterns that form in the modern automated market.
Learning to use Balance of Power is fun and easy. It is just a matter of learning the new patterns that form in the modern automated market.
Go to the Learning Center and watch a wide variety of webinars including Bollinger Bands, Candlestick Patterns, How to Improve MACD, and Technical Analysis.
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TechniTrader technical analysis using TC2000 charts, courtesy of Worden Bros.
Chartered Market Technician
Instructor & Developer of TechniTrader Stock and Option Courses
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Use TC2000 leading indicator called "Balance of Power" for early entries into stocks
Use TC2000 leading indicator called "Balance of Power" for early entries into stocks
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