Market Profile: How it helps in taking position...
The first Profile is time based, that is Fixed 30 min candle, and we can how the up-move started around 2 PM
The next Profile, which I use for my Trading is Fixed Volume based, just see that the first 10 bars have consumed time till around 2 PM, and the up-move started after that, which in just 90 mins of trade has produced 22 volume candles.
Inference : The up-move which we saw today was on huge volume...
The first Profile is time based, that is Fixed 30 min candle, and we can how the up-move started around 2 PM
The next Profile, which I use for my Trading is Fixed Volume based, just see that the first 10 bars have consumed time till around 2 PM, and the up-move started after that, which in just 90 mins of trade has produced 22 volume candles.
Inference : The up-move which we saw today was on huge volume...
Good one sir
ReplyDelete