Profile- 16/02/11
Following yesterday's annihilation and the breakout from a previous balanced area, the sellers did well to take the initiative off the open. But they were not able to extend the market much below 2IB today. The day low was exactly 2IB, showing once again how market generated information based on price and volume helps in […]
Volume Look
Here's a chart which when studied closely will tell you how to plot moves in the market based on whether the big boys are trading or not. As we all know, when institutional interest is present in the market, the movement will be quick. In Market profile we call this OTF ( Other time frame). […]
Composite Inside
As a follow up to the post I made in the morning, here's a look at the same profile structure with the buyers and sellers moving in a 5 minute Timeframe. First the Nifty : The chart is a composite from November but showing the last few profiles in blue streamers. The […]
Weekly Composite Structure
This morning we have a move out of the balance zone we have been trading for the past few sessions. WEe all know the markets move from balance to Imbalance and back to balance. Whilst many are looking at the market forming a topping action here, a look inside the profile shows the value was […]
Profile- 14/02/11
Nifty : The Nifty had another balanced day today as it tried to break out of the composite structure.Volume was low for the day and even though there was a spike at the close, the NF needs to follow up on the late action. For the day the profile was within the composite range […]
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Hello world!
Welcome to WordPress.com. After you read this, you should delete and write your own post, with a new title above. Or hit Add New on the left (of the admin dashboard) to start a fresh post.