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namstrader

BalancedTrader

By namstrader, in Market Profile

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OAC    10

OAC
Posted
mdtmn,

 

I tend to prefer test and retest with lower volume. The sort of price action stuff you see here. You could enter at the retest or you could enter when price starts to move away indicating strength.

 

Here's an example:

:hmmmm:

 

That looks very good, but where would you enter ? A retracement from the large volume down bar ?

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DbPhoenix    42

DbPhoenix
Posted
That looks very good, but where would you enter ? A retracement from the large volume down bar ?

 

OAC, you may want to look at the last two posts I made to the VSA thread today. I believe they address this principle only from the long side. :)

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mdtmn    10

mdtmn
Posted

Hi Kiwi,

Thanks, yes at present am looking at volume areas to be established, in conjunction with price,( as per your chart) then the price to test and re test, with intra day MP and order flow on MD

Appreciate your input as always on this and the other forums

MichaelB

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