A common question I get is people asking how to set up their market internals to match mine. It’s important to understand that there is no one way to look at anything in the market. For example, all of my internals are set to 15-minute candles. That is only because when I use to trade…
Start with the Monthly chart. (Whatever markets/assets you trade) Look for the current trend; Is it Up? Making higher highs and higher lows. Down? Making lower highs and lower lows. Balancing? Bouncing around within a range. Up and Balancing? Down and Balancing? Is it a new or aging trend? Newer trends will be cleaner or easier to recognize with more…
It goes without saying that Jim Dalton is the single best source of education on using Market Profile to increase your market understanding. Both of his Books are amazing and definitely worth a read; Mind Over Markets; Published 1990. Markets in Profile; Published 2007. It is fair to say though, you really only need the…