Tuesday, 9 October 2012

And Again!

If a trader doesn't know how to use Market Profile then he is at a distinct disadvantage. Entries are earlier, trades are surer and can be entered on maximum size knowing that the probabilities are strongly in favour of the trade.

Today, again, price was accepted inside value and there were all the signs that the VAL would not hold. Yes, I scaled out at VAL, small, but in the belief that the next stop was the dotted red line below. The VAH of the overlapping distribution.

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