The Blind Spot Strategy allows us to leverage Gamma Levels from Correlated assets to spot hidden Market Reaction Zones.
We look at correlation between assets to spot additional market reaction zones to discover hidden areas. For example if you are trading NQ Futures, you need to pay attention to what is happening with other assets like SPX or SPY. These assets can have an influence in driving the price action on NQ.
Now let’s look at this chart of NQ with the NQ Levels from May 10th 2024. The chart can provide us some really interesting levels to plan your trading plan.
Now let’s add the SPX Levels
Now what happens when we add the SPX Levels to our NQ Chart? By adding this correlation we can now spot some very interesting areas. For example the SPX 1D Max in the NQ chart would have given us a perfect confirmation for a short entry.
On Tuesday we will discuss about this in more details!
How to build a Trading Roadmap using Blind Spots
Check out our Video on how to create a Trading Roadmap in a few simple steps.
Learn about Blind Spots with MenthorQ Academy
To learn more about Blind Spots we have created a dedicated course within our Free Academy. To access it, simply create a Free Account.
Check out the Academy.
