So Viren’s 5873 level in this post here turned out to be the high of the day and the rest of the day was spent between the other level of 5842 and this one.
Viren will be doing a regular update at this blog everyday at noon and if you have been a visitor yesterday too, you would have caught this move in the markets today.
” As long as the POC is protected there is no danger to the uptrend.
The POC is 5761 in the NF and 11840 in the BNF”
Prophetic words in the post of yesterday afternoon.You have to read both posts of his to see how he uses the message from the market to make his trading plan for the day.
The big moves seems to be coming early in the day and we have seen it on a couple of occasions already.
The chart of the Nifty seems to be suggesting a slight cooling off or a sideways action for the next day or two.
The action seems to be in line with the Market Profile 1-2-3 pattern with 1 over and presently we are in the 2 phase.
At Vtrender 2 we use the message from the market not for intraday trading only, but for swing trading as well.
From the start of September we have managed to close about ten swing trades profitably.
Have a look :
Market profile works in all conditions and across time-frames.
Vtrender 2 is your opportunity to know how it happens!