In this Market Profile Bulletin we will learn how to trade Nifty Share Price and Bank Nifty Share Price via Market Profile Charts and Order Flow Charts using Auction Market Theory Principles.
You will see how we traded Nifty Share Price and Bank Nifty Share Price today via real time Slack Updates, not in hindsight.
We will use Market Profile Charts and Order Flow Charts to create Potential Auction Paths aka Hypos for tomorrows trading, Step by Step. For more info visit Star Here Page.
Derivatives Trading involves substantial risk of loss therefore is not suitable for all investors. Past Performance is not necessarily indicative future results – Read Full Disclaimer
How we traded Nifty Share Price and Banknifty Share Price today?
Morning Slack Updates
So Nifty and Banknifty started with a OIV with Banknifty opening right at the VAH from yesterday. The early development was a nice ‘P structure, suggesting that the SM was still selling. Now to be sure that Sm were selling we needed price to confirm. We could see some trapped sellers in the Order Flow Chart.
Afternoon Slack Updates
Prices indeed moved higher on the back of the trapped sellers. The higher references marked in the morning updates were tagged easily, suggesting we have some new business above the loop of the ‘P’. What is market profile trading after all is to assess the odds of prices taking a certain course of action.
Closing Slack Updates
We can see that prices did rally smartly and tagged the mentioned target (from the slack).
deanmarketprofile [3:03 PM]
Hope you guys referred this. Got some longs.
Above 9188, 9233 is possible on NF.
Posted in #deanToday at 11:58 AM
If you have your Market profile Basics clear and have stable decision making process you can generate profitable Market profile Trading Strategies with ease.
How to trade Nifty Share Price and Bank Nifty Share Price tomorrow?
Today was a nice trend day and we expect some follow through to this move in tomorrow’s session. of course we know that not getting expected behavior is a vital clue in any form of technical analysis. So we start the day with a couple of hypos and then monitor the auction development to generate some intraday trading opportunities. Potential Auction Paths (PAP) or Hypos shared below.
Todays Video Log
The post 04-24-17 EOD Market Profile Bulletin! How to trade Nifty and Bank Nifty Tomorrow? appeared first on Get That Trading Edge.