Micro composite update
The chart above shows a Micro Composite in Purple on the right pitched against the larger composite profile in rainbow colors on the left. The micro composite is volume profile of the breakdown of the balance zone of April. There is a vwap added in blue with it's standard deviations. That […]
Neutral
Today was the first day we saw in the markets evidence of the imbalance which had started on the 4th of May ending. There was equal strength in the two way auctions of today with a fair close at the day's DPOC. In market profile terms it was a neutral day. The close […]
09/05/2012
From yesterday's post : The lack of a buying tail was evidence that there were no new buyers in the activity of today, just closure of shorts, which makes one believe that these would come back at higher levels. We also saw that the upmove was on short covering and as stated in […]
Composite picture
Updated composite of the Profile, The larger rainbow profile is from January end on the extreme left. The middle profile is from March end and shows the profile of the balance The profile on the extreme right is the sell off from last Friday away from the balance zone. The vwap is also […]
08/05/2012
If Greece drove the market lower at the open, the FM's GAAR clarification pulled the indices back above friday's close. At the close, the profiles were b shaped in both the BN and the NF with a close at the upper end which indicated that shorts closed their positions as the market […]
Do the Math
It's a known fact in market profile that periods of imbalance produce big gains and are worth the wait, in the balance zones which produce sideways moves. After over a month of sideways motion in a 150 points range, we have had two big days which have produced amazing results for day traders. […]
07/05/2012
On Friday we broke convincingly below the balanced profile from 24/04 we had talked about in this post here : http://www.vtrender.com/content/04052012 The open below the CHVN's ( composite High volume node) of 5212 and the CHVN of BN at 10130 was to be confirmed with a break below the range at 5166/55 which was […]
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 : […]