Failure to establish acceptance back within prior day's range after filling today's gap resulted in slow upward grind. The session ended with spike that tested the weekly resistance. The base is a key area to observe.
Hi Smash, thanks for the epic content. My inquiry is to why you mentioned that the 1/23 Imbalance had been resolved yesterday. It was a P-profile imbalance but my understanding is that it could get resolved to either the downside/upside, whichever comes first. I thought it got resolved to the downside on Wednesday so one wouldn't necessarily carry it forward. Perhaps I'm misinterpreting it. Any further elaboration would be helpful
Understanding market profile has been extremely helpful but am I handicapping myself trying to trade without using orderflow? Entering positions at the weekly extremes tends to workout well, but I run into issues playing a lot of the intraday levels.
For example, I entered some calls in the morning pullback to 4060s but didn't have the conviction to hold them, thinking maybe another leg down was coming.
Really thinking about biting the bullet and getting a sierrachart setup. I don't necessarily have time to watch the tape all day but would incorporating footprint charts or delta give me more conviction on these moves intraday? Currently using tradingview, and it does not have any of that.
Thanks again Smash. Can I ask how you approached any trade entries today? I'd like to know how strict you are with entering right at your daily levels.
Thanks Smash. Great stuff.
Hi Smash, thanks for the epic content. My inquiry is to why you mentioned that the 1/23 Imbalance had been resolved yesterday. It was a P-profile imbalance but my understanding is that it could get resolved to either the downside/upside, whichever comes first. I thought it got resolved to the downside on Wednesday so one wouldn't necessarily carry it forward. Perhaps I'm misinterpreting it. Any further elaboration would be helpful
Understanding market profile has been extremely helpful but am I handicapping myself trying to trade without using orderflow? Entering positions at the weekly extremes tends to workout well, but I run into issues playing a lot of the intraday levels.
For example, I entered some calls in the morning pullback to 4060s but didn't have the conviction to hold them, thinking maybe another leg down was coming.
Really thinking about biting the bullet and getting a sierrachart setup. I don't necessarily have time to watch the tape all day but would incorporating footprint charts or delta give me more conviction on these moves intraday? Currently using tradingview, and it does not have any of that.
Thanks again Smash. Can I ask how you approached any trade entries today? I'd like to know how strict you are with entering right at your daily levels.
Hi Smash, where do you define the market periods? I know the IB period, but thats it.