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.
[Premium] How to Spot High Probability Trade Setups using Market Profile – Part 1
marketcalls.in/market-profile/premium-how-to-stop-high-probability-trade-setups-using-market-profile-part-1.html
[Premium] How to Spot High Probability Trade Setups using Market Profile – Part 1
marketcalls.in/market-profile/premium-how-to-stop-high-probability-trade-setups-using-market-profile-part-1.html
Note
2781.25 so far in ES_FNote
2765.4 low so far in ES_FNote
2761 low so far in ES_FNote
2753 low so far in ES_FNote
2747 low so far in ES_FTrade closed: target reached
2738 done which is 54 points from the posted high
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.