Nifty – MarketProfile trading strategies- The IB
The Initial Balance The strategy we are going to look at today is called the Initial Balance strategy. The name Initial Balance is important . What’s in a name, you would ask. The entire meaning and the strategy. Let’s read on. The Initial Balance is the first 60 minutes of trading.Now you understand why we use the word Initial […]
04/05/2012
As the market finds itself at the bottom of the trading range, let's look at the composite profile to see what is happening. The Composite profile from the 24th is balanced with a VPOC ( volume point of control) closer to the Value low. Today's auction was below value but still in the […]
OrderFlow charts of 03/05
Late in the session yesterday we saw the NF spiking down on increasing volume. The volumes triggered our Order Flow signals on the sell side at 5263 and 10294. This morning we were waiting for a confirmation of the selling based on the spike rules we follow. You can find the definition here : […]
Profile charts
Positive global cues were not used by the Buyers in the morning to push the index higher and the result was that we finished at the lows of the day after breaking through the value high of the previous session. The NF spiked into the lows. Spike rules apply at the open tomorrow […]
03/05/12
Positive global cues were not used by the Buyers in the morning to push the index higher and the result was that we finished at the lows of the day after breaking through the value high of the previous session. The NF spiked into the lows. Spike rules apply at the open tomorrow […]
OrderFlow chart speak
The Performance charts have been updated. In a dry month of April where the NF remained in a range of 240 points, we are happy to report a net 319 point gain on the first lot traded and a further 311 points if you had traded with a second lot. In the BN, […]
02/05/2012
We will come back from a holiday tomorrow with the overseas US market putting in a big move in the last session based on an extremely good ISM number and the Australian bank cutting 50 bps causing a spike in that market there. It will be interesting to see what the market does at […]