DislikedHello Petar! One question? What is your configuration for TPOChart to start the day : 00:00 GMT?...Mi grafica no tiene That poor low {image}Ignored
You need to put 1 pip to be row size. There is a lot of stuff even in how to set up properly in order to organize price in a good way but that is a part of the mentorship program. Market profile is a huge subject and trading is very complex but with the proper valuable knowledge you can make it much easier and simplify your trading and your life . If you are interested in the mentorship program you can contact me via skype petar.jacimovic and there we can talk more about.
Back into trading and update on EUR/USD >
Yesterday I found that EUR/USD did rally and price tested level of 1.1320 but the structure was terrible for the upside and the poor low from yesterday suggested that there is no any serious money involved. You will notice that value was overlapping to lower yesterday even that price went higher and finished near the high, this is classic weak money trying to push the market higher but with no success. Now, if you blindly follow the price, you will be happy to buy since you see that day finished near the high and that market is going higher but as I always say, you can be very mislead trading only based on price since you don't understand the underlying structure. Today, I found that price looked above the previous day high at 1.1293 and failed to sustain above (sign of weakness).
Downward references :
1.1236 - Yest. POC
1.1215 - Yes. poor LOW
Current POC at 1.1293
Never forget that trading is a journey, not a destination.
"Buy on fear, sell on greed !!!