Introduction: Anchoring in Unfamiliar Waters
Raise the Jolly Roger, folks! We’re setting sail into unexplored waters today. The stock market can be as unpredictable as the seven seas, and every now and then, you need a little treasure map to help navigate through the tempest. Virgin Points of Control, or VPOCs, are like the hidden coves full of buried treasure....
Market Profile analysis is a powerful tool for traders and investors alike to analyze price movements in financial markets. The method is based on the concept that price moves in a predictable way, forming patterns that can be observed and analyzed.
The Market Profile chart is a visual representation (not shown here) of market activity, displaying the...
A few key concepts when using Market Profile in your trading:
1) Point of Control (POC) acts as price magnets, as they represent the price level where most time was spent during a trading day. Price tends to gravitate towards them.
2) Naked (Not visited) POC acts as stronger magnets than visited POCs.
3) When price enters / breaks into a Value Area, which...
A Naked Point of Control is an untested point of control which is either time based or volume based and exists in the current market structure.
These NPOCS can serve as excellent targets for trades as well as potential areas of support and resistance dependent upon the NPOC's profile distribution.
I have marked this Bitcoin Chart with Daily , Weekly and...
I didn't take my good trade this morning. 60 points later, and now I'm doing some teaching to distract myself from chasing the market. Had the setup as perfect as I could make it, then I didn't take the trade.
All I can say is stick with it. I'm doing this all caffeine free at the moment so still in the easily forgivable period. If I'm missing trades, but also...
Suggested accumulation zone: $5,910 - $8,630. This is where the bulk of the volumes lies in the past 27 months.
VPVR shows point of control as $6,263 from the rally in September 2017 from mid $3ks until January 2020.
Declining volume implies a breakout in the not so distant future. Above $11,500 there is declining volume.
DYOR.
