Hey Smash I notice that you use market profile for a lot of work. Would you be open to explaining to me how you go about things? From the distribution to levels?
No, the Smashlevel for June is 6692. Only if you plan to use the March contract you need to substract 50 points, so the Smashlevel if you are still on March is 6642.
At the bottom of the newsletter, you’ll find all the levels. The top set is for the June contract, while the bottom set is for the March contract.
Sorry, but if so, shouldn't Gap level 6749.75 move up as well to ~ 6800? Also, if you know why do I see the chart on TOS adjusted up only by 34 points ? Crazy!
I don’t back-adjust my charts. Everything that happened up to Friday remains unchanged. I simply begin trading the new contract, which is ~50 points higher, while leaving all historical levels intact.
I don’t use TOS, so unfortunately I can’t comment on how it handles that.
Hey Smash I notice that you use market profile for a lot of work. Would you be open to explaining to me how you go about things? From the distribution to levels?
And they say you can't chart the VIX lol
Excellent analysis! I find your perspective very helpful.
Thanks Smash!
Smash, thank you for always bringing such valuable content, thank you for your consistency and for everything you do, you're a great mentor.
The newsletter didn't load the paragraph explaining levels, which is usually "In Terms of Levels."
Thanks, corrected!
6692/6642 magical already...Thanks Smash!
🤝
do I understand correctly that Smash for the June contract is now = 6692 + 49.75 = 6741.75 and so are all other levels on the chat = L+ 49.74?
No, the Smashlevel for June is 6692. Only if you plan to use the March contract you need to substract 50 points, so the Smashlevel if you are still on March is 6642.
At the bottom of the newsletter, you’ll find all the levels. The top set is for the June contract, while the bottom set is for the March contract.
Sorry, but if so, shouldn't Gap level 6749.75 move up as well to ~ 6800? Also, if you know why do I see the chart on TOS adjusted up only by 34 points ? Crazy!
I don’t back-adjust my charts. Everything that happened up to Friday remains unchanged. I simply begin trading the new contract, which is ~50 points higher, while leaving all historical levels intact.
I don’t use TOS, so unfortunately I can’t comment on how it handles that.