[slableak]

I have been watching the first hour initial balance for a few weeks now and I am starting to get a feel for it. On this chart I posted the past 4 trading days. The initial balance is in the first box. I sometimes doubled the box to see how far it would travel up/down the second box in the direction of the trend. When the IB boxes were large it only trended 1/2 way into the second box. When it was small like Friday It doubled the box. Once the IB forms the price seems to make the decision if it wants to trend above/below the box by not going below/above the 1/2 way mark after the IB is formed. When it doubled the box on Friday it consolidated inside the areas of the two boxes. I am very interested in learning more about how to read the first hour IB. Any input is greatly appreciated.