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…