Hi all,
I would like to have your opinion if I may.
I am starting this thread about the use of Market Profile Charts. I know there are other threads about this but here I am noticing something interesting.
I will paste here the NZDUSD 30 MIN chart (market profile). For those who know how to read this you may notice something.
In these charts we see the three main sessions on each day starting with: ASIA, LONDON/EUROPE, US.
Now, take a look at the tuesday chart and then of todays (wednesday, Nov. 30th) chart. I have drawn rectangles around the US session.
You will see that the profile is almost exactly mirroring the one of tuesday. After Tuesday the markets went up and on wednesday ending with the oposit profile.
Now what do you think? Could it be that tomorrow (thurday, december 1st) the markets will respond likewise and go down?
Interesting, no?
Well, anyway, within 24 houres we will know. Your thoughts are very welcome.
EDIT:
For those interested, I have added the indicator I use in this post
I would like to have your opinion if I may.
I am starting this thread about the use of Market Profile Charts. I know there are other threads about this but here I am noticing something interesting.
I will paste here the NZDUSD 30 MIN chart (market profile). For those who know how to read this you may notice something.
In these charts we see the three main sessions on each day starting with: ASIA, LONDON/EUROPE, US.
Now, take a look at the tuesday chart and then of todays (wednesday, Nov. 30th) chart. I have drawn rectangles around the US session.
You will see that the profile is almost exactly mirroring the one of tuesday. After Tuesday the markets went up and on wednesday ending with the oposit profile.
Now what do you think? Could it be that tomorrow (thurday, december 1st) the markets will respond likewise and go down?
Interesting, no?
Well, anyway, within 24 houres we will know. Your thoughts are very welcome.
EDIT:
For those interested, I have added the indicator I use in this post
Attached File(s)
Day_Trader_Market_In_Profile_v1_4.ex4
55 KB
|
445 downloads
|
Uploaded Dec 5, 2016 4:04pm
Attached File(s)
Day_Trader_Market_In_Profile_v1_4.mq4
21 KB
|
451 downloads
|
Uploaded Dec 5, 2016 4:04pm
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