Market Profile AMA 12 Aug 2017 Webinar Recording

Welcome Traders

 

This is a recording of the Market Profile AMA Webinar 12 Aug 2017. We know some of you could not make it but are still interested in the webinar. So here it is the recording of the webinar. Enjoy!

Don’t forget to let me know what you think about it. It would be nice to hear what you learned from this webinar. And yes don’t forget to check out the freebie at the end of this page!

New Perspective On Technical Analysis – Market Profile and Order Flow

 

We have launched a free online course for those who are thinking about taking up and as a part of your trading arsenal. We can’t be more excited and have designed this course to give you following benefits,

  1. A solid actionable foundation to further build your MP and OF knowledge on.
  2. A Glossary of terms and conditions so you get familiar with the lingo of MP and OF.
  3. Some actionable trade setups which you can start using in your trading.

08-11-17 Market Profile Blog [Nifty Banknifty Stocks]

How Nifty And Banknifty Traded Today

Slack Update 1

Yesterday’s late rally was completely rejected with a nice gap down. While there was some rejection on Banknifty Nifty did not have any excess at the lows.  So all we had to do was to monitor the quality of the pullback.

Image Nifty 1 – https://goo.gl/photos/fX416Q5iFmCaRD8UA

Image Banknifty Market Profile 1 – https://goo.gl/photos/XfHmayhaW6jiFxQE6

Slack Update 2

Banknifty moved higher and tried to enter YVA, Nifty was struggling to enter the YR. This is what we were waiting for to look for shorting opportunities, as the trend is decidedly down.

Image Nifty Market Profile 2 – https://goo.gl/photos/BiiSwSuWo3dPELJN8

Image Banknifty Market Profile 2 – https://goo.gl/photos/QNxiGUC7WpPeEDfDA

Slack Update 3

Sharing the screen shot of my option trade in Banknifty along with the OF chart and my logic in brief. Not to brag but just to show that I am a trader who shares whatever small knowledge I have accumulated over a period of 12+ years.

Image Nifty 3 – https://goo.gl/photos/MJXu8bb9xveHJzkW9

Image Banknifty Order Flow 3 – https://goo.gl/photos/S5wthrnrJrQDxYoo9

Closing Update

By the time we close we had a rally again similar to yesterday. Both indices have closed below the DHVN so the control still rests with the sellers.

How To Trade Nifty And Banknifty Tomorrow

Banknifty had a wide swing day. Nifty could not close inside IB range. The trend is still down and so is today’s VAP for both indices.

Image Nifty PAP – https://goo.gl/photos/wQwFhKV4VA59p7Uf8

Image Banknifty PAP – https://goo.gl/photos/buWv3wUfWWC11g2c7

Todays Video

Market Profile Gateway To Profits

[Home Study Trading Course]

The Course Is Open For Subscription

08-10-17 Market Profile Blog [Nifty Banknifty Stocks]

How Nifty And Banknifty Traded Today

Slack Update 1

We had a nice gap down in accordance with yesterdays weak close. But post this initial sign of weakness we saw prices forming an overlapping sideways range. That is a sign of poor continuation. Promptly we got a sharp rally as sellers could not maintain the initial control over the auction. We got a pull back alright but we need to monitor the quality of that attempt before we draw any conclusions.

Image Nifty 1 – https://goo.gl/photos/5NhnCN1ora9LvcY66

Image Banknifty Market Profile 1 – https://goo.gl/photos/J6vnDPNxs6KySzUE7

Slack Update 2

Markets could not find any acceptance inside YR. An attempt to enter YR failed as sellers used higher prices to establish short positions once again. The DL became important reference now. We need to monitor how the auction behaves around DL.

Image Nifty Market Profile 2 – https://goo.gl/photos/9HWBfMyNxbg5FAgx5

Image Banknifty Market Profile 2 – https://goo.gl/photos/TkNrcpVQ5ByEVRjE7

Slack Update 3

We did break below the DL. The sideways move around the DL turned out to be an absorption of demand and resulted in a sharp fall.

Image Nifty Market Profile 3 – https://goo.gl/photos/4vg8x6tpQPq8EnRX8

Image Banknifty Market Profile 3 – https://goo.gl/photos/jLNjSWFGykRrnj9G9

Closing Update

The close was interesting as markets recovered smartly in the closing hour. Now we have a good rejection at the lows. A buying tail which indicates that the auction went too far to find the buyers. Now the onus is on the buyers to scale references to the upside.

 

How To Trade Nifty And Banknifty Tomorrow

The trend is down a strong tail is not sufficient to change our view of the current trend. But the tail came at an important reference. 9880 on Nifty 24200 on Banknifty. Both were shared well in advance in yesterdays post. Whether the buyers from the IT support prices here and reverse the current ST down trend remains to be seen.

Image Nifty PAP – https://goo.gl/photos/F9ZSvbhSfXKrBgfM6

Image Banknifty PAP – https://goo.gl/photos/2vQX6sC2qhRCz2QP7

Todays Video

Market Profile Gateway To Profits

[Home Study Trading Course]

The Course Is Open For Subscription

08-09-17 Market Profile Blog [Nifty Banknifty Stocks]

How Nifty And Banknifty Traded Today

Slack Update 1

Both the indices gave a quick dip below the important references below and started consolidation around the important references. There was a potential for a FA but it was too early to tell.

Image Nifty 1 – https://goo.gl/photos/DPSPYTdeUQaUzayP6

Image Banknifty Market Profile 1 – https://goo.gl/photos/mFJ2cVk1o4KY5ZUM7

Slack Update 2

As the day progressed the consolidation just became more pronounced and prices went nowhere. This lack of follow through suggested that sellers were not able to force the auction down, aka SM was from the buy side.

Image Nifty Market Profile 2 – https://goo.gl/photos/QgHmXyXwzMvefYmb8

Image Banknifty Market Profile 2 – https://goo.gl/photos/rbgQ6BNLRZikjhMd7

Slack Update 3

SM has a habit of testing before they move the price. Another important feature of Sm is they wont stand in the way of the mob. SM let the price slide down below morning lows to test if there was any new business to be done in that direction. On finding no new business prices snapped back up.

Image Nifty Market Profile 3 – https://goo.gl/photos/SahsB5S9eRtQAWkJ9

Image Banknifty Market Profile 3 – https://goo.gl/photos/RZERsXenGtJ2TYgx8

Closing Update

Not surprisingly the snap back rally could not sustain above the ref mentioned on the slack 9966 on Nifty and 24550 on Banknifty. Hence we again came back to lows.

 

How To Trade Nifty And Banknifty Tomorrow

Close at the lows puts the auction in complete control of sellers. Anything other than lower prices and elongation will put a question mark on todays seller strength.

Image Nifty PAP – https://goo.gl/photos/ik8wSEXYCiBhAF6V8

Image Banknifty PAP – https://goo.gl/photos/zN53epLux2k2U9eJ6

Note: Nifty MT level is 9880 and Banknifty MT level is 24210.

Todays Video

Market Profile Gateway To Profits

[Home Study Trading Course]

The Course Is Open For Subscription

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