One of the reasons we use market profile is to understand the market conditions and how the other players are positioned and what kind of trade opportunity the market conditions provide and where most of the other people are likely to keep their stops. At times the inferred data points from market profile reveal very high probability trade setups with a very good risk-reward ratio. Here is the interesting chart setup from S&P 500 Futures(ES Mini Futures) and the reason why in a short-term S&P500 will fall 50-60 points from the current level of 2792.
How to Spot High Probability Trade Setups using Market Profile – Part 1
www.marketcalls.in/m...-profile-part-1.html
How to Spot High Probability Trade Setups using Market Profile – Part 1
www.marketcalls.in/m...-profile-part-1.html
Comment:
2781.25 so far in ES_F
Comment:
2765.4 low so far in ES_F
Comment:
2761 low so far in ES_F
Comment:
2753 low so far in ES_F
Comment:
2747 low so far in ES_F
Trade closed: target reached:
2738 done which is 54 points from the posted high