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4 Market Profile

market profile

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anto joseph
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120 views4 pages

4 Market Profile

market profile

Uploaded by

anto joseph
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
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MARKET PROFILES 1. Consolidation Range Profile 4, Consolidation Range Profile - Understand where you are in the move that may already exist, If in bearish market environment, during a consolidation range you can identify false breakouts to rade against or opportunities to enter short with an OTE. b. Establish Position During Consolidation - Periods of consolidation are typically the ‘opportunity to establish your position in anticipation of where the trend will go, Look for times ccandles/bars are small to enter trades ¢. Trade Entry on Opposing Candle « You want to enter trades when the bat/candle goes against the market profile direction. If profile is long, enter tades on a down candle 4d. ICT Preference - ICT prefers not to follow trades into new territory as it usually tries to come back dowa to the range. Base trading on knowa levels. 2. Breakout - Valid & False Profile 3. Trending Profile 4. Reversal Profile - The profile will form a sell day during a bullish Asian, London and possibly NY session but fail to hold its rally and reverse lower. It will form a buy day during a bearish Asian, London and possibly NY session but will fal to hold its lower price slide and reverse higher. Typically NYO, LC and late NY session will post the reversal a. Swing Down i, Swing down to a key weekly and/or daily support and breakthrough before turning up and reversing. ii Reversal may break into new session highs before it settles into a trading range for a new trading day igsne Reversal Market Protie ‘ns Surg Oown eyo re Shute’ fan mered one & Sus ton ee fang. Grasma dew rob Tein bn Form OTE Ua The swing Down in price will many times look just like a Classic London Open Sell Day. b. Swing Up 12 i, Swing up to.a key weekly and/or daily resistance and breakthrough before retracing down. ji Reversal may break into new session lows before it settles into a trading range for a new trading day. The swing Up in price will many times look just like a Classic London “Tris Swing Up wi fikely be the Right Dee Be Bey Shouse vaoad Souder er nnghe te tame. Oa tg sone ager brian OF Sat 9-00. ‘insste Reversal Market Profile Search & Destroy ~ Trending Sideways Market: Banks will look fo clear out stops to gain additional liquidity. ‘A range forms after swing low and swing high, Support and Resistance areas are formed in the range, Market will look to take out the longs by dipping below the established support level of the range. @ back up above the resistance b. Next the market will ook to take out the shorts by shooti levels. 3 ‘c. Dealers will then target the stops around the swing points and shoot above previous highs to trigger the stops of the shorts, 2) EE) —— 4d. Traders thinking that the previous move finally signals a buy breakout will then be fooled as the dealers will look to take out the stops around the previous swing low point. Inner Cirle Trader's Gees Search & Destroy Market Profile 4

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