And another place I know nothing... This chart is in honor of my buddy @greenr. I am going to watch what I believe is one of his views as I study the book "Markets In Profile".
Dont be fooled by the red and green.....think about it logically
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
The following user says Thank You to greenr for this post:
I am fooled easily, but not paying attention to those charts really yet. lol
I shorted the daily VWAP, but used it as additional confluence with other things I am more comfortable with. Today it worked, but as with all things in trading, was it coincidence or not? Time will tell. I bought out of my short already at 97.35 due to a HV catch and am done.
Gary, it seems to me you are quite good already at using volume and your general read, that you are already using order flow effectively. What you are seeking to learn in your book (and I would recommend Mind Over Markets over that one, though I like them both) is unrelated to that particular chart that you are now using, as that chart has little to do with structure, which is what profiling is useful for.
The following user says Thank You to josh for this post:
Josh, I really have no opinion about POC, VWAP, VAH/L, IB, etc, as it has never really been something I studied in depth. I know what it is enough to talk about it from a chart perspective, but nothing about how to use it as an advantage. I was reading Ryan's post in another thread and decided to imitate one of his charts for awhile, which is what I posted. But it means absolutely nothing to me in terms of having a clue.
What I THINK you are referring to is this other chart I am starting to watch. But still, I am a complete market profile idiot and really do not even know if my charts are right yet. I am going to read both books mentioned and thought I would just start to get familiar with what the charts looked like. If you or @greenr have any advice on setting up charts and indicators correctly I would welcome it.
For today, and probably for awhile to come, I am still making trade decisions the old fashioned way, using prior pivot structure, fibs, short term momentum, and 1 minute volume. It is all I know at this point, but I want to know more.
This has been interesting. I have been doing it for awhile, and the change is not instant, but over time is perceptible. Greater calm, clarity, patience, peace, etc.
For fun, and as part of opening my mind to a new way of thinking, I changed my entire chart setup as a new workspace that I have flipped back and forth with my regular charts over the past few days.
I changed the background to white to help open my mind, and also to make obvious I do not know these charts. (I have switched to my old setup before taking a trade, as being unfamiliar spooks me some)
I just noticed how "happy" it all looked, and might just keep it for that reason.
