Debriefing 31st May 2022 and Today’s Plan
Debriefing 31st May 2022 Long weekend and Holiday ON (MONDAYS SESSION IS ADDED TO TUESDAYS ON SESSION) session resulted in a predictable continuation of momentum higher that carried over from Fridays close at the weekly highs. This is coming off the back of a 2-week rally from the year lows. A reversal of the holiday…
Market Profile, Spike and Singles Guidelines
What exactly is a spike? A spike is simply an initiative price movement induced by a shortage of available liquidity to match demand from opposing buy and sell orders. As a result, the market moves away from a previously established balance. When participants are less willing to execute orders in a controlled and passive manner, they…
Market Profile Guidelines and Trading Balance
To successfully participate in the market, I have devised a set of guidelines that are not absolute, but are absolutely necessary for me to be consistent. As a discretionary trader, I have an advantage over an algorithm because I can better analyse Realtime data and disseminate new information more quickly. The disadvantages are mainly to…
Trading the Holiday Effect
The Holiday effect is a well-known market phenomenon where a liquidity vacuum creates the possibility for large movements in price. Also, there is a tendency for a strong price move into a holiday to continue but equally reverse easily when participation normalises. Trading volatility can also be greatly exaggerated during these times and some research…