My Analysis is based on Market/Volume Profile and Auction Theory Approach. The ES opened at 1970, which is below previous Value Area (VAH 1983.50, POC 1975.50, VAL 1971.50); by context, the first hypothesis is back to previous value area. Between 8:30-10:00 am, the market develops value at 1974 area and built an 1978-1968.50 Initial Balance Range. In most of the sessions the Initial Balance is broken, so I expect a test at 1980. Later, the market develops value at 1978 and support an upside trend.
Later in the day, the market breaks Initial Balance High at 1978 as expected; and develops value in 1981-1983 area. At midmorning the market bounce again and finds a fair price at 1989, tests 1993-1994 and there is no follow through by the buyers creating a market excess. After, the market breaks 1985.25 Low Volume Node, so next target to the downside is 1981-1983 area. Finally, the market finds enough buyers to back to previous High Volume Node at 1989, just to close in this area.
It was a classic Trend Day to the Upside, the odds absolutely favored to the buyers.
Important levels of the day:
For Buyers For Sellers
I think your MP analysis would receive a better reception in the thread Spoo-analysis
where there are many MP people.
Alternatively you could start a journal and invite fellow MP traders.
Having a trading journal is encouraged here at futures.io (formerly BMT).
I do not trade with MP and this journal is primarily about estimation techniques.
If you would like to continue to post MP in my journal, for some reason, please make a post that is predictive.
e.g posting before/at the opening of 30 Oct and posting that with the MP you estimate the high and the low of the day will be x and y and that the first move with be up/down.
"Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . "