We had already wrote couple of tutorials on Market Profile which could improve your understanding about Market Profile and helps you to organize the market generated information in a better way than any other trader. This time we are inviting Ninjatrader Ecosystem partner Vinod (Founder – BellTPO) for a live discussion on the basic concepts of Market Profile and Trade Setups.
Interesting Development happening in Bank Nifty Futures on the daily charts. Bank Nifty Futures had broken the 15 days of consolidation movement with a strong breakout and also close below the bottom of the consolidation zone 18760. This post is to analyze whether the breakout is really strong or not. Market Sentiment is really negative and the last fridays sentiment continued on monday as well.
For many people price by itself not a key factor while making a purchase decision. No one will be buy a house or mobile phone just because of the price tag. Most of us understand the value (i.e offerings, features, benefits) before making any purchase decision and not solely based on product price. While making a purchase decision price is one of several variables which attracts buyers to evaluate when they mentally assess a product’s overall value.
Understanding who is dominating the market on a given day gives fair advantage and plays a crucial role in deciding trading strategy and executing the strategy at the better price. When the market participants behavior changes one can continually readjust his strategy and change his/her tactics depending upon who is in control.
Welcome to Market Profile Series. In the last tutorial we seen Excess High and Excess Low. In this tutorial we will be seeing couple of examples on Halfback Reference. Halfback generally refers mid point of the previous days profile (prev days (H+L)/2). Halfback is a Weaker intraday reference or shorter timeframe reference where the weak day timeframe or shorter term timeframe traders are entering at that point mechanically at that reference level exactly or 1-tpo above/below halfback reference level.
Welcome to Market Profile Series. In the last tutorial we seen Poor High and Poor Low. In this tutorial we will be seeing couple of examples on Excess. Excess generally indicates end of auction and the start of another. Generally Excess is seen in the extremes of the profile with strong pullback as shown below. Excess occurs across various timeframes (Hourly, Daily, Weekly Charts)