really nice plan Smash, very detailed, and also your levels are always very good. Today the FDT was broken but by that time the VIX was already above resistance so that was in the cards, so I was ready.
Spot on as usual - they started selling in earnest during the London session once it was clear that 7711 would not hold, and then after some covering they went at it again in the afternoon RTH. Oil, rates, volatility, seasonality are all against the bulls
A True Gap in Market Profile occurs when the new session opens completely above or below the prior day’s entire trading range, meaning there is no overlap in traded prices between the two sessions.
A Normal (settlement) Gap occurs when price opens away from the prior day’s close but can still overlap or trade within the prior day’s range. In other words, there is no structural separation between the two sessions’ auctions.
A True Gap is generally considered more significant because it reflects a clearer shift in market tone and a stronger separation between the two auctions.
A True Gap UP is considered filled if the market reaches the previous day’s high, while a True Gap DOWN is considered filled if the market reaches the previous day’s low.
Smash
Reading your explanation to Matteo
It is a great explanation very direct informative
Really appreciate all you do
Best wishes you are a true professional and gentleman
Thanks!!
Thanks smash
VIX was 16.?? While es was trading
Above level had confidence to hold and to worked out
You the man
Thanks Smash!
really nice plan Smash, very detailed, and also your levels are always very good. Today the FDT was broken but by that time the VIX was already above resistance so that was in the cards, so I was ready.
Spot on as usual - they started selling in earnest during the London session once it was clear that 7711 would not hold, and then after some covering they went at it again in the afternoon RTH. Oil, rates, volatility, seasonality are all against the bulls
Thanks Smash!
I don’t see where today’s gap was 7674.75. That’s not where we closed yesterday. I don’t follow
A True Gap in Market Profile occurs when the new session opens completely above or below the prior day’s entire trading range, meaning there is no overlap in traded prices between the two sessions.
A Normal (settlement) Gap occurs when price opens away from the prior day’s close but can still overlap or trade within the prior day’s range. In other words, there is no structural separation between the two sessions’ auctions.
A True Gap is generally considered more significant because it reflects a clearer shift in market tone and a stronger separation between the two auctions.
A True Gap UP is considered filled if the market reaches the previous day’s high, while a True Gap DOWN is considered filled if the market reaches the previous day’s low.
In other words, today’s session never reached the previous day’s low at 7674.75, leaving the gap unfilled.
the nuance I missed is measuring only RTH levels
Thank you!!