Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
FuturesTrader's Journal - Trading ES with Market Profile
NYSE volume at 9:00 CST was lower than yesterday. Yesterday's POC was 11 wide. Lack of volume can cause the price to pullback to POC. We have multiple untested wide POC's which create a exponential effect.
However - the value is higher and Gap rules are still in play. I am waiting patiently till a trade sets up.
The buyers at A period low are indeed week, however poor low is only one data point. Poor low can also be formed when market gets too short. Imagine if you are a seller and you see there is no follow through at A low - what will you do now?
When we have multiple poor lows it becomes more interesting and I look for a trade to repair the poor low.
Just another view. Using the MP-ETH we can see price stalled at a prior virgin POC. Interesting as it keeps us within a higher time frame balance. I feel we could test the lower boundaries of VA if the DPOC doesn't hold.
