Market Profile Crude Oil Analysis

Trading a Full Market Reversal

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Trading A Full Market Reversal Video

With the inventories paving the way for the breakdown and the big sell off.... wait didn't the market completely reverse the whole day?! Yes it did and we were sitting there waiting for it. Don't you love it when a plan comes together.

Are you still trading the on the notion that the TV news along with everyone else aka: the herd, misinformed or non-professional friends are giving you solid information? You must be doing incredible with your trading! Agree with me and you also probably mistake quarters for manhole covers.

Ok enough fun! Trade the chart people, put everything out of your mind and just try to understand what the market is telling you. Need Help! Get an educator, not a membership salesman to keep you on the right track.

In our live trading room today we pitched a no hitter based on strong hardcore evidence as the market unfolded.

After the market broke down today reflecting the outcome of the report it was able to establish a mean and the secret underlying buying began. You will see it in any volume indicator or market profile chart.

If you knew this information while in the absorption phase you would start to see rising lows and a sudden break to the upside. Everyone sitting there with sell tickets in hand just got there you know what handed to them.

If you are trading on the wrong side of the market and you want to stop the bleeding come check us out in our live trading room.

chef
 
Market Profile Trading

Market Profile Trading Video

A strong part of our methodology taught is Market Profile Trading. Today using the developing profile and volume as our guide we were able to wait and execute at very favorable positions.

It wouldn’t hurt to understand at least what shape is developing for the day to identify areas of support and resistance and market direction. If you have a good understanding of Market Profile trading you can even see the developing shape through your time or tick chart you use to trade with.

Market Profile trading paired with a simple volume indicator can tell you at what point on your trading chart where prices are favorable and rejecting. Favorable areas on your charts or the price areas with the most traffic are usually shown with high volume. Rejecting areas of your charts are usually areas of low volume.

Pay close attention to these areas and the behavior of the market. The market will return to these levels and see if you notice a pattern which can have a direct affect to your trading decisions.

chef
 
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