The NVDA Breakout Was Obvious Once You Saw This
Dear Traders,
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The NVDA Trade: Catalyst, Setup, and Order Flow
Now, let me show you one of the trades from Monday morning, because it was a great example of how I combined a catalyst, a technical setup, and order flow. NVIDIA announced an additional $150 billion share repurchase authorization, and NVDA gave us a very clean Opening Range Breakout shortly after the market opened. The trade itself was great, but what I found even more interesting was how clearly Market Atlas was showing the liquidity forming above the price as the breakout developed.
This first screenshot was taken at 9:30:59 AM, less than one minute after the market opened. NVDA was trading around $230.70, and on Market Atlas you could already see significant displayed liquidity forming above the current price. Around $231 there were roughly 75,000 shares showing, and around $232 there were more than 100,000 shares. These are the large yellow and red areas you can see on the right side of Market Atlas.
At this point I was already watching NVDA because we had a strong news catalyst and a good setup developing for an Opening Range Breakout. Seeing those large liquidity levels sitting above the price gave me another layer of information. It does not mean that price has to move toward those levels, but it gives me a much better picture of where meaningful size is sitting while the trade develops.
This second screenshot is only about 20 seconds later, at 9:31:21 AM. NVDA broke the one-minute opening range and started accelerating higher. You can see price move through $231 and then continue toward the liquidity around $232.
This is where Market Atlas becomes very useful for me. The chart gave me the technical setup, but Market Atlas showed me what was sitting ahead of that breakout. When I have a strong catalyst, a clean ORB setup, and significant liquidity developing above the price at the same time, that combination gives me much better context for the trade.
By 9:36 AM, NVDA had pushed above $232 and another important liquidity area was developing around $233 to $234. Around $234, Market Atlas was showing roughly 147,000 shares of displayed liquidity. At the same time, the five-minute chart was now developing its own Opening Range Breakout.
What I liked about this trade was how the story kept developing in front of us. The stock broke higher, additional liquidity appeared above the price, and NVDA continued working its way toward those areas. Again, I never treat a large displayed order as a guaranteed price target. It is another piece of information that I combine with the chart, volume, price action, and the trading setup itself.
How I Use Market Atlas
This is really how I use Market Atlas in my own trading. I am still trading the same strategies I have used for years, including Opening Range Breakouts, VWAP setups, reversals, and momentum trades. Market Atlas simply gives me another layer of visibility into what is happening inside the market while those setups are forming.
Monday was a great example: the news created the opportunity, the chart gave us the breakout, and Market Atlas helped us see the liquidity and structure developing ahead of the price.
If you are interested in tracking the exact order flow and liquidity levels that guided my NVDA trade, you can test Market Atlas for a full week for only $19. It provides an exceptional way to visualize where major size is resting, giving you much better context alongside your existing strategy. Give it a shot during your next session and notice the difference extra visibility makes in your trading.
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See you in the next onboarding class,
Andrew
