Recent content by currencyprofile

Follow up from previous EURUSD analysis. I initiated long positions today at 1.304 The stop for the current long position is fairly wide. Volatility is high at present and it is imperative for us to give enough time to the price to fluctuate before trend extension can happen. If you look at...

S&P TSX If you look at the Market Profile chart of S&P/TSX, then the individual profile of April, May and June do not depict bullishness. Profiles of January – March suggested presence of strong responsive sellers as price failed to go past 12900. In April, initiative sellers entered the...

S&P 500 I initiated some long positions yesterday. Just 5-10% of intended position size. For the price to move up beyond 1650 – 1665, reasonable amount of buying would be required. I would suppose, Initiative buyers will have to step into the market and extend the prices higher. Currently...

If you look at the chart posted, I have highlighted two lines. One line is at 1.281, below which, I expect strong initiative sellers to enter the market and drive the prices even lower. Other line is at 1.292, above which, initiative buyers will enter the market and drive the price of EURUSD...

fapple19 The above chart is of spot and the software is Sierra Chart. Regarding trading method, I have nothing to hide. I rely on discretionary trading, which is to say I am not a “systematic” trader who relies on rules-based trading. The first point of my analysis originates from the...

Yea TPO chart. More of an old school MP trader.

I get your point. Volume and Price together would form Volume Profile or Footprint chart as it is popularly called in market delta software. That's essentially Volume at Price. What I am doing is tracking time-at-price as a means to assess the relative value of price action based on AMT...

I do not use volume with profile. Just organizing data on profile through spot data. For volume analysis I refer to standard technical analysis softwares. Moreover, I am not a short term trader so I get reasonable amount of time to export data out of esignal and feed to the profile software.

Key Points I observed for EURUSD - EURUSD is in a range.Continues to rotate within 1.281 and 1.291 - Rotation within range indicates absence of OTF traders - After 4th July profile, lack of initiative selling activity. Price is stalling. - Yesterdays profile structure was good. RE was on the...

I am a Market Profile Trader. I use basics of the same to trade major Forex currencies. My analysis involves looking at very basic things like spotting shifts in demand supply, looking for buying selling tails, looking at close within a profile and tracking initiative and responsive activities...