How many days of back POC should we track? I mean weekly NPOC ( in case if it is not revisited) is one and then should we consider last 5 trading days NPOC as magnets or DPs ? Just to give a stupid example, 2009 post election rally never filled NIFTY GAP or those POCs are NPOCs anyways, but now it may not be very relevant.
Good going vipul bhai... perfect !!! :thumb:
you asked in the morning and i replied then itself !!!
http://www.traderji.com/advanced-tr...e-new-wave-market-picture-12.html#post1171834
you asked in the morning and i replied then itself !!!
http://www.traderji.com/advanced-tr...e-new-wave-market-picture-12.html#post1171834
NPOC :Naked Point Of Control
I think some confusion is there in understanding NPOC & as requested by members i’m once again explaining this concept in details
Naked POC: a POC from previous days trading range that price has not returned to on any following days.
So in any given day if market was traded above or below the POC with out touching it …then for next day it will be a naked POC …
If we see daily profile in 30 mins we get poc of daily and if that was not touched it will be come daily NPOC and Weekly NPOC and as per MP theory they act like magnets and price drifts to there location
Just see Day 1 DPOC of will be next day POC on that day 2 market action never touched POC 1 so that makes it Naked POC ,
in same way day 2 POC was not touched on day 3 and day 4 poc was untouched on Day 5 these NPOC's acts as magnets and price pulls to then as per profiler language
Hope this clears all the doubts now !!!
I think some confusion is there in understanding NPOC & as requested by members i’m once again explaining this concept in details
Naked POC: a POC from previous days trading range that price has not returned to on any following days.
So in any given day if market was traded above or below the POC with out touching it …then for next day it will be a naked POC …
If we see daily profile in 30 mins we get poc of daily and if that was not touched it will be come daily NPOC and Weekly NPOC and as per MP theory they act like magnets and price drifts to there location
Just see Day 1 DPOC of will be next day POC on that day 2 market action never touched POC 1 so that makes it Naked POC ,
in same way day 2 POC was not touched on day 3 and day 4 poc was untouched on Day 5 these NPOC's acts as magnets and price pulls to then as per profiler language
Hope this clears all the doubts now !!!