DislikedGoog morning, GB is going to open with a gap down from yesterday GB low at 3339. Pit session left a poor low at 32834. PreUS a poor high at 33595. Below the 3252 zone is still a big problem for continuation upwards. While at the same time the upper zone from 34215 to 34445 is a big problem for continuation downside. Let's see if this gap down will resist or not. PS:yesterday pit session was a liquid
ation of the early weak move up start. Look at its profile: it is an other perfect "b" shape. (as anticipated in my previous posts before it copleted)...Ignored
Lock, may I ask you to make some descriptions each time you see daily profile? The matter is that I know all the shapes of the market profiles daily, but I have not used them as such, like something that I can use for trading decisions. I am using some reference points only: IB, POC VAH and VAL, and I am watching the price behaviour at these reference points.
MP can be normally distributed, double distibuted or so. Let us see at the 'b' or 'p' MP shapes - you are saying these shapes are about positions' liquidation. I can understand.
However there are another 'shapes' of MP and they give us clues to foresee the forthcoming day movements. That is why I have such a question to you.
Best
D.P.
P.S.
Disliked{quote} As written multiple times I'm not trading at all (but testing). In a market only ruled by weak hands I've no edges to play: so I stay aside. But this doesn't mean other traders faster than me could act in such environment. I'm not so good for that. Kind regards, L.Ignored
P.P.S.
Do you use '3 days rule' to discover the current balance area ?
Hunting High and Low