Market profile is way of life
Hi, this is RK. I tweet @assortZ.Market profile has been way of life for years now. I trade Nifty and bank nifty futures with my observation through Market profile to weigh the odds and decide probable outcome from ongoing auction.
Process oriented approach to collect data and monitor auction helps me to make a progress.GreentickZ is a venture to have closed group of traders to discuss and move forward using market profile as key.My routine at GreentickZ with members explained below.
LIVE COMMENTARY
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Live commentary is core strength of GreentickZ and helps traders in many ways to learn and make trade decisions.It is one of unique way to get auction context irrespective of market condition.
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Starts with premarket summary with zones to watch and scenarios to be expected.
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All through the day, live commentary (text) about what is auction trying to do and what could be probable scenarios to unfold, explained with probe and negation zones.
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Clear intraday summary in defined formats apart from live commentary to suggest what kind of market we are dealing with like sell on rise or buy on dip or mean reversion etc.Provides precise support and resistance levels for follow through and negation.
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Actionable trade ideas with price objective and invalidation.
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Sharing various setups and nuances, I have learnt over time to monitor auction and manage trades.
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Archive of old discussions and shared nuances available to browse and refer.
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Recorded webinars in topics, ”Market profile framework”, "Selling options based on Market profile setups", "Arriving at objective and invalidation from market profile perspective", "Impact of psychological factors in trading".
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Periodic online audio meeting with two way discussion.
Learning
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Discussion with members in open channels clarifying doubts,answering queries about auction and setups in making, view about their own trade ideas.
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Private discussion about clarifying their finding and doubts,individual trades, validating their market views , sharing wisdom on other topics such as trading errors,mindset,risk management etc
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Post market discussions related to market profile and other topics related to markets.
discussion
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Private blog available only for members with articles such as how to practically use day open types, day types, tails, gaps, excess, failed auction and other articles related to market profile.
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Detailed daily report with summary of auction achieved, failed to do,what could be probable scenarios, new information from auction and refs to carry forward,clear trade ideas for next session.