The ES opened the RTH session in the middle of value. My bar chart showed trend was UP. The trade was to BUY VAL and sell VAH. I bought 1435.75 and managed to sell the high you see on the chart - 1437.75. This is a trade I do every time it's available to me.
I mainly trade oil, and after looking at about 6 months of ES charts using market profile goggles, I want to immediately start looking at oil with those goggles on. My main question as it relates to oil is what to use the hours? Would you recommend a 24 hour session? or 8am - 1:30pm Central, open outcry hours? Any other thoughts on oil profile versus an index future?
JMF3, With oil, I'd split the previous days' 24 hour Profiles into distributions rather than use a particular time. That way you'll catch the correct info. eg, Wednesday's often have a new distribution starting from the time the numbers are out.
I mainly trade oil, and after looking at about 6 months of ES charts using market profile goggles, I want to immediately start looking at oil with those goggles on. My main question as it relates to oil is what to use the hours? Would you recommend a 24 hour session? or 8am - 1:30pm Central, open outcry hours? Any other thoughts on oil profile versus an index future?
ReplyDeleteThank you much -
JMF3, With oil, I'd split the previous days' 24 hour Profiles into distributions rather than use a particular time. That way you'll catch the correct info. eg, Wednesday's often have a new distribution starting from the time the numbers are out.
ReplyDeleteThank you for the response - and great point about oil, appreciate the advice-
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