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Market Profile Futures Trader 71

The document provides guidance for day traders on analyzing 3-minute and 2500 volume charts to identify trading opportunities. It recommends marking the opening swing high and low, looking for reversals at previous day's highs or breaks of the opening swing. If held below the opening high, it indicates going short. Large red candles on the 3-minute chart show stronger moves. The document also provides tips on trade preparation like reviewing the economic calendar, composite chart, and previous day's action to develop trading hypotheses for different opening scenarios.

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Alvin Phuong
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723 views8 pages

Market Profile Futures Trader 71

The document provides guidance for day traders on analyzing 3-minute and 2500 volume charts to identify trading opportunities. It recommends marking the opening swing high and low, looking for reversals at previous day's highs or breaks of the opening swing. If held below the opening high, it indicates going short. Large red candles on the 3-minute chart show stronger moves. The document also provides tips on trade preparation like reviewing the economic calendar, composite chart, and previous day's action to develop trading hypotheses for different opening scenarios.

Uploaded by

Alvin Phuong
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Futures Trader 71

Neutral extreme correct chart:


3 minute chart and 2500 volume chart:

Mark opening swing high and low on 2500 volume chart

Reversed at previous day's high


Breakout from opening swing high - clue to look for longs

Held below opening swing high - GO SHORT

Large red candle (3 min chart) indicates higher time frame participants - strong
move

Good sized red delta bar


Looking for ranging rotations from highs to lows

Trade preparation:

Review economic calendar- avoid surprises

Review composite - get big picture - high and low volume levels - is market in
balance or out of balance?

Review last completed day - day type, closing swing, closing price- significant level?
closing drive? compare opening type, day type, and closing price

3 hypotheses:

Plan if market opens in value

Plan if market opens above value

Plan if market opens below value

Review overnight session


Make volume profiles for balance areas

Find confluence levels on 15 min intraday

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