Volume Profile and Market Profile a new wave of market picture

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XRAY27

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Xrayji is today a Failed auction day based on IB as open is outside VA and this failed level is supposed to be revisted in next 5 days with high probability?
Manishji !!! Yes !!! as per my understanding of MP... just entered 9.47 for short which resulted in loss ( 13 pt) for intra !!!
 
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XRAY27

Well-Known Member
weekly forward review on basis of MP

Weekly profile shows "p" distribution having va's at 8862/8829/8736 (VAH/POC/VAL)



Daily having va's at 8823/8808/8796 (VAH/POC/VAL) a break of low of 8796 will lead to 8736 and high will move upto 8862 since distance is very less of 60 and 39 points (play area)...i will keep my self in intraday as play area is not great,but if lower or upper boundary of weekly profile broken then i will be in swing trading ,NPOC is at ...8607 of 29th aug will not have much significance as it was untouched for 5 days...

RF is still bullish and positional trade is on trailing ... overall first week was good in intra/swing/positional
 
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