Monitoring Market confidence is a day to day routine practice for intraday and short-term players to determine how confident the participation are. This video tutorial explains how to spot market confidence using market profile, how strong/weak participation can be spotted using visual rules in an objective manner. And how to apply these visual rules for any asset class (stocks, futures, indices, bonds, cryptos ) for short-term trading. It also explains how to combine Market Confidence with Trading Inventory, Short term/Intraday nuances which further adds odd based thinking when comes to trading.
TradeZilla 2.0 is a complete 1month mentorship program for active traders (intraday/positional) to Explore Trading Edge and Be an Independent Trader. Mentorship program is designed in an objective way to take advantage of traders behavior to trade any market conditions, to trade any trading instrument across the world. Unconventional tools like market profile, order-flow analysis are used to explain the market/traders behavior. Signature trades using market profile are deeply explained to the users with intensive live market training.
Market Generated Information is the key to better market understanding which tracks what out competition is doing and how dumb they really are. This tutorial explains how we can understand the market behavior with emotional players and how to they react and how we can spot them using market profile. As always market profile is not a trading strategy but a completely a different way of looking into markets, in fact, I call it as radical thinking.
Wednesday’s profile structure is interesting as it turns out to be a classical trend day. On a Down Trend day market one timeframe lower without breaking the previous bar high. i.e making lower high on a 30min charts. Once the one timeframing broke on Wednesday trading in Nifty Futures.
E-mini S&P 500 future derivative contract is based on the underlying S&P 500 stock index(US Market). ES-Mini is showing an interesting structural pattern when comes to market profile with trend reversal odds. The structural pattern also reveals the significant risk in holding to the longs as the short term inventory goes long to too long.
Everyone likes to catch trend earlier. How to recognize and monitor the changing trend much ahead of your competition? When the price is testing a psychological reference most of the traders are in active mode. This tutorial explores how one can access the odds using the market profile with a greater conviction where short-term trend reversal happens close to the psychological reference.
Here are two interesting and similar trading setups which help positional traders in spotting very high probability and very high risk-reward ratio using market profile. this tutorial explains how to understand the context of High probability trend exhaustion using short-term inventory conditions and the exponential trading odds with lower risk trade setups
Nifty Futures inventory went long to too long on last Friday. At the Monday open, trading confidence is initially low. Trading confidence is low even after the initial – 2 day breakout with a partial gap fill. However during mid of the day,, one timeframing against the Initial Balance direction is where exactly high confidence sellers started taking control and pressed the price towards the Prominent POC of control 10940 levels.
Here is one of my Signature trades using market profile and how one can look through the trade setup for a potential short covering rally especially when we are dealing with negative global emotions . On Wednesdays trading most of the Asian Markets are down due to the trade war tensions and the previous day US Markets slides to negative. The most interesting part was 4th July US markets are closed for Independence day.
How do we understand that smart money is getting out of their shorts? and how the dumb crowd get trapped into it? Here is the high probable trade setup using market profile which explains the context of inventory getting short to too short and the potential risk in holding trade in line with the emotional players.
Nifty Futures is still not out of compression yet and continuing with the 10600 – 10900 range for July series. More frustration is likely among the trend followers and short-term direction index futures traders. Volatility is flip-flopping. It is always good to recognize this sort of tough game for any kind of directional players that will eventually reduce overtrading.
One of the reasons we use market profile is to understand the market conditions and how the other players are positioned and what kind of trade opportunity the market conditions provide and where most of the other people are likely to keep their stops. At times the inferred data points from market profile reveal very high probability trade setups with a very good risk-reward ratio. Here is the interesting chart setup from S&P 500 Futures(ES Mini Futures) and the reason why in a short-term S&P500 will fall 50-60 points from the current level of 2792.