Does anyone use Market Profile? I think its great. Yesterday in NQ it tried to rally early to new highs but was rejected and gave a sell signal when it entered the value area from Thursday (~18355.00) Target was bottom of value (~18226.00) It was a huge winner pretty quickly with minimal heat and went way past the target actually. Obviously this doesnt happen every day but the signal was there.Check out my chart.
Market Profile
- Thread starter 1lot
- Start date
I was away on Friday so no trades.
So, although Market Profile is IMO definitely of value for my trades I prefer to use other techniques including TDSeqSell13 (signal @ 10:30am one bar short of HOD) and break of 50% level of 1st 5 minutes of RTH session @ 11:04am. Also there was break of AVWAP @ 11:17am.
Then late afternoon another TDSeqSell13 @ 3:03pm swing pivot.
Of course this isn't an everyday play out. Wish it was and also that I was around trading the other day. A more expensive round of golf, than I planned on.
So, although Market Profile is IMO definitely of value for my trades I prefer to use other techniques including TDSeqSell13 (signal @ 10:30am one bar short of HOD) and break of 50% level of 1st 5 minutes of RTH session @ 11:04am. Also there was break of AVWAP @ 11:17am.
Then late afternoon another TDSeqSell13 @ 3:03pm swing pivot.
Of course this isn't an everyday play out. Wish it was and also that I was around trading the other day. A more expensive round of golf, than I planned on.
