Level 4 of 6

Floor Trader: Market Structure

Pass the quiz to become a Local.

14 lessons. All ready to read.

1. 1Trend, range, and chopVerified

   Identifying the kind of market you're in

2. 2Swing highs and lowsVerified

   Higher highs, lower lows, and how trends are defined

3. 3Support and resistanceVerified

   Why levels form and why they break

4. 4Key reference levelsVerified

   Prior day high, low, close; overnight high and low; the open

5. 5The opening rangeVerified

   Why the first minutes of RTH matter

6. 6What VWAP isVerified

   Volume-weighted average price, its calculation, why institutions use it

7. 7Reading VWAPVerified

   Above vs. below, fair value, standard deviation bands

8. 8Anchored VWAPVerified

   Anchoring from a session open, a high, or an event

9. 9Moving averagesVerified

   The basics, and how they differ from VWAP

10. 10Volume profileVerified

    POC, value area, high- and low-volume nodes

11. 11Multiple timeframesVerified

    Bigger-picture context for a smaller chart

12. 12Volatility and time of dayVerified

    Why the open, midday, and close behave differently

13. 13News and the economic calendarVerified

    CPI, FOMC, jobs reports; widening spreads and fast moves

14. 14Marking your chartVerified

    A pre-market routine for mapping levels