Naked POC: why price remembers
What a naked POC is, why old points of control keep pulling price back, and how a full-time ES trader actually keeps them on his chart.
What a naked POC is, why old points of control keep pulling price back, and how a full-time ES trader actually keeps them on his chart.
What the value area is, how VAH and VAL are set, the five day-to-day value relationships, and the 80% rule, from a trader who uses them every session.
A full-time ES trader walks through reading a TPO chart: how the letters build, what the shapes mean, and the checklist he runs every session.
Market profile turns price and time into a picture of the auction. A full-time ES trader explains how TPO charts work, what matters, and what they cannot do.
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…