DislikedPlease note the clean one single pip below B period low: weak hands there selling.Ignored
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DislikedPlease note the clean one single pip below B period low: weak hands there selling.Ignored
DislikedC inside period of B: go with the break(if any) is the rule. If the break fails natural target opposite side of the balance.Ignored
Disliked{quote} The pit gap downside from 11.11 if upcoming pit will open around here will be a double pass gap. It is at 25255-25595. The minus developments left by current sharp fast move are at 2555-25595, 25665-2592 and 2598-26135. The highest GB november close is at 26043. The valley between the last 2 major composite pocs* is around 2586 * the closest major composite poc is at 26358. We got now 5...Ignored
DislikedThis is what I wrote 3 hours ago: {quote} So: where we are now? The fact is that any price action is the consequence of what occurred before, specially how it occurred. We are watching clearly liquidation after a short covering. Only if the double pass gap will be preserved we could think at something bigger (meaning stronger) upside.Ignored
Disliked{quote} 19:41+1GMT (edited untill 19:42) The double pass is still in place but we got a cluster poor low at 25685 that I do not think could resist. Above we left F period high weak as it is a tag of the "earlymorning" low made by B period low* [...]*this level is also the highest close for november pit session.Ignored
DislikedHi Lock, I'm trying to understand the sentiment/ reason behind the early morning ABCE high at IB half back and almost all inside each other, why this points to an upside move. I see yesterdays half back was rejected and think I understand it's contribution. Can you say more, thanks. ZaakIgnored
CONSEQUENCE:
any market generated information at that moment in time indicated to you that there are good odds for a correction of this initial move downside and you know that you have space to come up at least above the C period high: because you know that the only resistance present in this particular situation is made/formed by weak hands stops.
RESULT:
E came up to C high, making that level even more weak than before. F tagged it making almost impossible for that level to resist (all the weak hands stops are infact just above it). G tagged it again and eventually H broke the level.
But it made an other weak high tagging the early morning high (A period high) that became a poor high. SO you have space for a further move above it, that in fact happened with the final J period after the new balance of inside period I.
Disliked19:53+1GMT Yesterday preUS poor high at 26955 taken out: above we still have the old pit gap downside up to 27285. But It's Friday and we had a grinding market all day long, meaning weak hands ruling the environment. So I'm off for today. See you next week. Best L.Ignored
DislikedLock, do you know what might be this market profile? it gives different profile then other indicators.... example: http://www.forexfactory.com/showthre...87#post9294187Ignored