30 seconds TA , January 27, 2023 |
Hi all,
Hope this video helped you!
color codes on my market profile charts:
Balance Levels : Yellow
Gap Levels : White
LIS(Line in sand) : Light seagreen
Spike Levels: Tomato
Weak references & regular trading hours Single prints zone & Chop zone. : default blue
Overnight session single prints: Pink
Direction arrows to the Targets: Green Arrows
Check out more useful Trading educational videos on Market profile, Trading in general, Futures trading & Options trading in this playlist : https://www.tinyurl.com/tradingeducat...
Stay tuned by subscribing! lot more videos to come. feel free to comment on if you have any questions. would love to assist you. Thank you for stopping by! Have a great day!
P.S: these videos that i am making about trading/market analysis are for educational purposes only and i am not responsible for your losses or gains :) all i wish is you be happy by having a better understanding of market & take conscious wise trading decisions.
FAQ's about my Technical analysis video on Futures:
1. What platform do i use for Market profile analysis: Ninja Trader with Rancho Dinero Market profile indicator.
2. Why do i analyze Futures rather than SPY or SPX: Futures run even after market closes. based on the price action of what happened in the overnight session, typically following day's price action can be probabilistically determined. hence i stick to futures analysis.
3. what platforms do i recommend for placing Stocks, Options or futures: Think or Swim ( TDAmeritrade).
4. where can one learn more about market profile:
Here is a detailed video : • Market Profile Session
Glossary for all the terms from James Dalton website: https://jimdaltontrading.com/glossary...
5. What can be traded based on the Technical analysis videos that i share:
You can use this analysis & manage risk in trading futures (ES or MES )or Options on SPX.
6. What Microphone do i use for Videos & What recording Software: Active presenter 9 is the tool i use for Onscreen recording/mixing. Microphone: Audio Technicia AT2020
If you have any other questions, feel free to comment and i would be happy to answer them.
written summary of the video based on market profile view & candle stick pattern view:
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January 27, 2022 EOD:
We got the inventory correction at the opening towards the settle, hit almost all upside targets above once spike base was made as support. price finally closed around POC above previous day high.
Profile shape is "P". VPOC, TPOC are around the mid: 4085.5 both high and low have good excess. only 1 weak level formed today.
Key nuances, options focus:
1. Trend is Up on Daily, weekly, Balancing on monthly.
2. Play Options based on the LIS levels: Calls above 4109.25(Bullish - Long), Puts below 4082.5(bearish- short), Sell premium in between as its going to be Choppy(sideways price action). Upside & downside targets are indicated in Green arrow's in the chart. @everyone have a great weekend!