Debriefing 31st May 2022 and Today’s Plan
Debriefing 31st May 2022 Long weekend and Holiday ONOvernight Session More (MONDAYS SESSION IS ADDED TO TUESDAYS ONOvernight Session More 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…
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…