Tuesday, August 3, 2010
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Disclaimer:
Trading stocks and derivatives is risky. It is strongly recommended that you consult a licensed financial professional before taking any action to buy or sell. The information on this blog is for educational and reflective purposes only and is not intended to be financial advice. If you make or lose money in the stock market it is because you decided to place the trade and cannot be blamed on anyone else.
hi,
ReplyDeleteI saw ur video on the market profile using excel, it's very helpful. How do u use market profile in your trade? Entry or exit strategy?
Thank you
Lu
The #1 way I use value is to determine if it is likely be a trending or chop day. If we are trading withing value this means that bulls and bears are in balance with one another for the time being. If we are trading inside value all morning and then break out to the upside. I will look for long entries on pullback to say, value high. The reverse is also true for a breakout to the downside. Here is some further information on MP http://www.macleanreport.com/ccchapters/charting.html
ReplyDeletehi tim,
ReplyDeletethanks for sharing the link.
Lu