Now let’s look at what you need to “see” the market – Charts.
I use two charts to trade from for each market that I trade.
I also use a Market Profile chart – standard chart with letters representing each TPO but VOLUME determining the POC for support and resistance.
Range Bars: I use range bars as a tool to remove a lot of the noise from the market. These range bars are sized to suit the fingerprint of each market so I can concentrate on Order Flow.
The bars on my chart are candlesticks, so I can easily see what happened during the bar. Dojis and hammers are easily seen, quite important for me.
What is TPO and POC?
ReplyDeleteTPO is Time price opportunity and POC is Point of control. Google Market Profile for more information.
ReplyDelete