I started to learn how to build a market profile.
I don't have much time to explain but I wanted to put it into practice this morning since I traded futures all morning.
Here are some of the basic concepts of market profile.
Most of the info comes from another TradingView market profile furu named TA DOG from his explainer substack.
I'll complete the chart tomorrow, and continue to update each day with which market profile I expect to take shape.
Today it looks like a Double D [Double Distribution] or D [ Distribution ]
The reason is that heavy gamma flip and heavily contested 4600 area.
We reject yesterdays value and trend up to 4650 or higher
Reject Breakdown Up and continue Distribution same as yesterday with possible 4520 or lower.
I don't have much time to explain but I wanted to put it into practice this morning since I traded futures all morning.
Here are some of the basic concepts of market profile.
Most of the info comes from another TradingView market profile furu named TA DOG from his explainer substack.
I'll complete the chart tomorrow, and continue to update each day with which market profile I expect to take shape.
Today it looks like a Double D [Double Distribution] or D [ Distribution ]
The reason is that heavy gamma flip and heavily contested 4600 area.
We reject yesterdays value and trend up to 4650 or higher
Reject Breakdown Up and continue Distribution same as yesterday with possible 4520 or lower.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.