Please enjoy these guys as well.
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DislikedPaying attention to trend has its pluses and minuses. The current trend is down, but there were ample opportunites to take longs at the unfair lows today and make money. And that has more to do with the day type today was/is (profile doesn't stop until 0300).
But this how I see the trend over the last few days. If I went back 4 more days, you would see three down POCs prior to the two up POCs at the begining of this chart. That would imply that the first two profiles were retraces within the larger down trend.Ignored
DislikedSorry Frank, I should have posted my question straight to your thread rather than Mals. I will remember for next timeIgnored
DislikedSomething doesn't sit right with me when I think of trend in terms of POCs, can't put my finger on it though...Ignored
DislikedHere's a better way.
Follow the value areas.
At B we have a market that is finding value lower (than A). Once B is established the trend is down until A gets "taken out". So even though C is higher than B, we are still in a down trend. But once value is established above A at D, the trend has changed from down to up.Ignored
DislikedHere's a decent MT4 VPOC indicator, in case anyone here might find it useful. (if you only want the POC, VPOC levels to use in conjunction with other MP tools, just set the histogram colors to none)
cheers,
FudoIgnored
DislikedVery very nice VPOC visit:
Start time adjusted to 2 hour pre-London in this example.Ignored