Greg Lee of eminitradingschool.com joined us this week to cover the eight different types of Market Profile days as well as a review of his charting setup.
Before you begin to trade using the auction market theory and market profile, it is important to clearly understand the various day types and traders can potentially expect in each situation.
Greg Lee of the Emini Trading School & askMarketProfileTrading introduces the eight market profile day types on both Time-Price Opportunity (TPO) and Bar Charts. This online event will demonstrate the risk to reward for each day type along with what traders can expect for each for the following:
Non-Trend Day
Normal Day (2 easily defined Variations of this Day Type)
Normal Variation Day
Neutral Day (3 easily defined Variations of this Day Type)
Vertical Double Distribution Day
P Day
b Day
Trend Day (2 easily defined Variations of this Day Type)
The 4 W’s will be addressed for each day type which serve as the “building blocks” for a trading plan:
1. WHAT is the market doing?
2. WHEN is the market going to go to the projected Market Profile levels?
3. WHERE do you see it going?
4. WHY are the markets doing what they are doing?
To view a copy of the recording, please click the link below:
Be sure to join us for our next free trading event on How to Build a Complete Trading System: Click Here to Register
Cheers,
The TradingPub
“Trade, Talk, Learn – Cheers to Success”
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Risk Disclaimer: Past performance is not indicative of future results. Futures trading involves substantial financial risk. Views of guest commentators do not represent those of TradingPub.com. Article intended for educational purposes only and not meant in anyway as a solicitation to buy or sell certain securities. Please consult your personal financial adviser before using this information for your own trading purposes.
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