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arghh,you've been doing this too long ...go with the flow. Here's a mp chart to show what I mean. |
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I was reading through some excellent threads on market statistics by jperl and came across this post -
http://www.traderslaboratory.com/for...html#post15193
My thinking on it is that if you have a normal volume distribution where the
vpoc or
pvp as jperl calls it is in the center of the
vah/val (not skewed) then gassah's 3rd standard deviation reversal trade would be high probability. But, if the volume distribution is off centered(skewed), the probability of reversal goes down. In fact the probability of continuation goes up.
any thoughts?