There are days to trade and there are days not to.
There are days the market will move 60 points and there are days the market will do 150.
There are days the market will stop at a pre-destined point and reverse.
There are days it will continue moving ..
There are days the market will move between two pre destined points in a matter of a few minutes.
There are days you will know what the high and low of the day is…
The beauty of it all is that the market is always communicating to us what it wants to do..
The difference is sometimes we get the whole message, sometimes a part of it and sometimes nothing at all.
Do you want to know how to measure the movements of the market?
Do you want to know how to read the message of the market?
There’s only one tool I know, which has helped me immensely to trade this market over the past 13 years.
That tool my friend is Market Profile
With just 3 static lines of values everyday (and a few more for a larger time frame), come find out how easy it is to know what the market is trying to do.
These 3 lines are what we call the value areas :
Have a Look :
The shaded purple areas are the value areas and the pink line in between is the point of control.
The Horizontal line above the pink line is called value area high or VAH and the one below the pink line is called value area Low or VAL.
The chart above clearly demonstrates the power of these lines in the movement of the Nifty future.
The value areas are so powerful that they work in the weekly and the monthly time frame too. I have not known of anything more refined than these.
There are zillions of More examples . It’s three values that you need only every day.
But you need to have the correct values. It’s the difference between a stop loss hit and a target met.
We are doing an open house on Friday to let you in on the secret of knowing what the markets do and how they do it.
Trust me -it’s no secret and it’s open knowledge to all who have adopted our blog.
The Open House will also give you a one time free access to the Vtrender Trading room where we have utilized the principles of market profile to construct “Order flow indicators” to keep us updated on the buying and selling of the market.
Access to the Open House is free, but requires a registration.
You need to send us an email on email@example.com for us to issue you a password for the same.Please mention “Open House” in the subject column.
The date is January 14th, Friday.
See you there…