One of the basic rules of market profile state that if a markets stays above Value area high, it implies that buyers are in control of the day's action.
4617 which was the value we were tracking was never really broken though it was tested several times.
In the ends, the shorts were forced to cover, as nervousness on global greens prevailed
The OrderFlow was a buy since 9.15 am and the trend is in the chart below.
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3 comments:
dear Shai, where can i read the basic trade setups from MP study??Thanks
Bizagra,
There is plenty of content on MP now than ever before on the net.
The basic premise is the relation of price w.r.t value. Buyers live above VAH and sellers below VAL.
Thanks Shai..:)
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