Normal Range in the Market Profile

[MrPaul 10]

Here's an excellent blog post from Ray Barros regarding some Market Profile concepts

 

http://tradingsuccess.com/blog/normal-range-in-the-market-profile-213.html

 

If you haven't heard of his blog it's certainly worth checking out!

 

http://www.tradingsuccess.com/blog/

 

 

[darthtrader 10]

ahhh fantastic blog! Certainly will be adding this to my daily reading.

[NAVEEVIa 10]

Nice Blog on MP

I read the article & it seems the main idea he is saying is that one can have a fair predication of whether day will be two timeframe or onetimeframe based on

1. open type

2. open relative to yesterdays range/value area

Till here I understand but after that his use of IB , ATR & normal range is not clear.

It would be very helpful if after completion of IB itself one can have fair idea of possible daytype as he explains, Can somebody explain this thing

Thanks

Naveen

[zdo 20]

So what type of day was yesterday, Feb. 27,08 in the US indexes ? Thanks.