This is the chart that I use to trade the NASDAQ100 CFDs.
I use hourly range charts to analyse the distribution of the market. Range charts make it easier to see the extremes in the chart. I also look at the time and the range of the hour. Statistically, 61.8% time market should range. Also, the market should stay in the same range 61.8% until the next day or session.
Draw your volume profile.
Mark the time of the day.
Price moves away from the mean as well as moves toward the mean. That is the characteristic of a normal distribution.
Draw your volume profile.
Mark the time of the day.
Price moves away from the mean as well as moves toward the mean. That is the characteristic of a normal distribution.
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