Market Profile Journal

[fantastic4]

I'll record the results of my market profile trades here, starting once the market open again, I should probably know when that is, but I imagine Friday.

Here's a quick video of the plan I'll be using:

http://www.youtube.com/watch?v=OPYhcE801Pw

 

[fantastic4]

Tonight, today for the rest of the world, I'll be trading the ES. Volume is already an issue on the YM, so I'll move up the ES.

High value area: 865.25
Point of control: 863.25
Low value area: 861.75

Just to remind anyone who reads this thread, I'm paper trading this for now. I don't know anything more boring than watching someone paper trade something, but hey, there are worse things one could do.

 

[fantastic4]

I didn't execute a virtual trade, I feel asleep. Looking back both the POC and High Value Area cam into play, and we did get a tick extreme on a touch of the High Value Area, however, that was not an entry. Since I was bullish on the day and all market internals were bullish, that cancels out an entry to sell.

Here's my before market video:

http://www.youtube.com/watch?v=O-oGHlTlCs8

 

[fantastic4]

Here's how I'm monitoring a real money trade on the Thai stock market with market profile:

http://www.youtube.com/watch?v=zl8LGGuH7D0

 

[fantastic4]

Before I took my first loss on my first paper trading day, I was about to make a video about why I shouldn't have made the trade, but I got stopped out first. But anyway here's the video:

http://www.youtube.com/watch?v=6cq4FxlaGIA

 

[fantastic4]

Tuesday provided no entry.:eek:

On a really bullish day the entry tends to come before market opens. Wednesday will most likely give a buyin oppurtunity on the high value area. I'll be watching for that. I'm too bullish to talk about buying off the low value area. We were so bullish on Tuesday it's not funny.


http://www.youtube.com/watch?v=-xL5t4Ibxf4

 

[fantastic4]

The set up:

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The trade

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[fantastic4]

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