Playing Inside of Value after Trend Days

[Soultrader 12]

Short 2 part video explaining price action that follows a trend day and how you can play it by using market profile.

 

CLICK HERE TO VIEW PART 1

 

CLICK HERE TO VIEW PART 2

 

Decided to make a part 3 as well.

 

CLICK HERE TO VIEW PART 3

[Soultrader 12]

Below is a chart for the 3:10pm close. Markets held and closed at 14400.

 

[namstrader 10]

great videos! Hope you can continue Soul. I want to share that watching the volume profile indicator, that for me replicates MP charting software (I can not afford it now), which shows volume horizontally upon the price charts, has been very predictive for projecting price targets. Some times it is uncanny how an price area accumulates more volume than earlier price levels, so that you have a low or high tail area, with a POC at this more volume price area. Then I just do a double distribution from the tail and the POC to the other side for a projected target price. As the day develops, this intra day MP value range using the volume profile indicator, can then form another intra day MP value range that is equivalent to the earlier MP intra day value range, (I just double the volume distribution area, to the other side, for 2 intra day value ranges now). So what occurs sometimes is 2 equal distribution volume ranges and each has a separate intra day POC, or a area of more price volume exhibited. As the day continues, it can then morph into one bigger combined MP profile area, 2 into 1. (volume profile area that resembles a MP area).

 

I watch the volume profile indicator on the other future indexes ES,NQ,ER,DAX as confirmation, or as a leading signal for what the hell the YM may do subsequently.

 

It is like I am seeing many Bell shaped curves on all the indexes and seeking symmetry and structure. From this view of the volume profile indicator, there seems to be more clarity or that it offers a "PLAYING FIELD" of vision, and sitting up in the coaches box, I call the play in when at the 50 yard line POC, or when in the red zone, taking to the goal line, i.e. or extreme tail or the other VAL or VAH of the other intra day value range. Great analogy! haha I am the coach of the Miami Dolphins.

 

It is more an ART FORM that has given me better understanding of the auction process. Man, in the past, long ago, where prices should end I had no clue. Now I feel sometimes visionary with this added dimension of Market Profile.