EMini Volume Profile Daytrading

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Aug 26 Daily Prep and Intraday Setups

Posted by Editor on September 26, 2009

In this video, we review the process of preparing for the day’s trading, based on

observation of the daily chart, along with the 135 minute minute profile bars and corresponding volume and delta readings, as displayed on the Investor RT software. This prepares us to respond to price movement after the open and as structure develops, following gaps up or down from the prior day, as market participants react to the price action occurring at the levels we have identified in our study before the open.

In this example of trading August 26, the from prior day volume, as well as intraday developing value were very informative, as price reacted almost to the tick, in several instances of encountering the levels. We begin with isolation of the 15 minute chart, zoomed on the screen for easier viewing (although in trading, we find it effective to place 3 time frames in view, side by side). On this day, the 15 minute, even alone gave very clear delta signals on our #1 and # 2 setups, which were accurate and provided very profitable follow through.

As we proceed to look at the 8 minute and 4 minute charts, with volume and delta, we see very precise entries which offered extemely low risk stop placement, and quickly resulted in very good profit on the positions.

Hopefully, this review will reinforce material developed in earlier lessons, to show how to process the information for preparation, as well as for execution, within the framework we have structured for your volume based trading strategies.  This should be clear by now, for those who have followed the course from the beginning lesson to the present.

more about “Aug 26 Daily Prep and Intraday Setups“, posted with vodpod

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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