Marketprofile
ICT Weekly Range Profiles - *Early* Classic Mon High of the WeekNews from Oct 19, 2020
"Stock market live Monday: Dow sheds 400 points, stimulus concerns, Covid-19 cases hit 40 million" - CNBC
www.cnbc.com
"Stock market news live updates: Wall Street slumps on fading pre-election stimulus hopes, Dow has worst day in nearly a month" - Yahoo Finance
finance.yahoo.com
XAUUSD 1HR CHART UPDATEXAUUSD Analysis The price has decisively broken through the previous resistance zone, confirming bullish momentum, and is now on track to potentially reach the next significant level at 2678. This move sets the stage for a strategic buying opportunity tonight let's watch the market together...
BTC AT IMPPORTANT LEVELBitcoin is at a pivotal juncture, testing an important price level that could define its next move. A breakout above this zone could signal renewed bullish momentum, attracting fresh interest from traders and investors. On the other hand, rejection here might lead to consolidation or a pullback, highlighting the importance of this level in shaping BTC's short-term trend. All eyes are on the charts as the market awaits the next big move..
Gold 100% Confirmed Signal alert!XAUUSD Insight: Currently Gold make support After Big fish hunting small fish in market and today market is Fall 800+ pips now time to Gold fly again same point where shark hunt small fish.
Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2615,2610
Upside Watch: Look for buying signals if it rises above! Targets: 2645,2660
Everyone selling GOLD to buy Bitcoin???Hey guys! New trading week is here, and we're entering market with Bitcoin ATH.
Today I want to talk a bit about gold.
And here are some interesting moments. First time since April we finally can see MA cross on a daily chart, and price of Gold is reacting with a big red candle.
Also, as a confirmation, we can see that the volumes are descending and RSI is heading to low edge.
Seems like after BTC ATH some money are flowing from Gold to Bitcoin. The target by Fibo can be zones 0.5 and 0.618.
What you think, guys, is really people starting to reinvest money from real gold to digital gold? Let's discuss
PS. If you're planning to trade the movement, follow the risk ratio, which I marked.
Analysis: LVMH Misses Third-Quarter Revenue ExpectationsOverview: LVMH, the world's largest luxury-goods company, reported lower-than-expected third-quarter revenue.
The company's organic revenue fell 3% to €19.08 billion, missing analysts' forecasts of €19.94 billion. This decline was primarily driven by weaker demand in China and a broader slowdown in the luxury sector.
Key Factors:
China's Economic Slowdown: China, once a growth engine for the luxury sector, has become a significant challenge. The country's economic malaise, marked by a sluggish real-estate sector and uncertain economic outlook, has led to reduced consumer spending on luxury goods.
Performance by Division: LVMH's core fashion and leather-goods division, which includes high-end brands like Louis Vuitton and Dior, saw a 5% decline in organic revenue. The wines and spirits business, which includes Hennessy cognac and Moet & Chandon champagne, experienced a 7% drop in organic revenue.
Regional Performance: Sales in LVMH's Asian market, dominated by China, fell 16% in the third quarter. In contrast, Japan saw a 20% increase in organic revenue, although this was a slowdown from the previous quarter's 57% growth rate.
Western Markets: In the U.S., LVMH's organic revenue was flat, while Europe saw a 2% increase. Western consumers, especially the less affluent, have been cutting back on luxury purchases due to continued price increases and a weaker economic backdrop.
Outlook: Despite the challenges, some investors remain hopeful that China's economic-stimulus plans could lead to a recovery in the luxury market. However, analysts caution that it is too early to see the effects of these measures. EURONEXT:MC
Recommendation: Hold
Given the current economic uncertainties and the mixed performance across different regions and divisions, it is prudent to hold LVMH shares for now. While there are potential recovery signs in China and Japan, the broader luxury sector's slowdown and ongoing economic challenges suggest a cautious approach.
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Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss!
Intraday Cable (GBPUSD) will hit the 1.3200 Cable is set in my opinion is going to hit the 32 handle at the very least.
1. The supply at the 34's was a dead giveaway coming out of the NASDAQ and Chicago.
2. As predicted Futures traders exited longs yesterday in Chicago. The brief upthrust tricked the market into longs. My last idea captured this yesterday (Tview hid this because I linked my blog)
3. I am looking for dip bids to buy when we start to support.
Feel free to DM me with questions.
Last 3 weeks of TPO in 1 week blocks for ES CME_MINI:MES1!
I merged the last three weeks to see the Point of Control on the upcoming range, Could rip through the top of this current consolidation to reach for the Value area low and the Breaker Block resting right above and then reverse back to the 4h FVG down below to gather liquidity in a sweep or a raid. Should see an expansion one way or another due to the accumulation period we just finished with on Friday. Cheers CME_MINI:MES1!
DXY make a poor highCAPITALCOM:DXY make a poor high, and have potential to break it. i still don't see any aggressive movement on forex right now. but the break or fail to break will be something interesting to be traded.. let's see. noted we have COMEX:GC1! already broke high of 2 days balance.. that will be something to add with ..
FESX & FDAX go down as ES Gapped down Yesterday i watched CME_MINI:ES1! at 5,608/06 area so many buyers over there, but fail to follow through. ES Gapped down on Asian Session. COMEX:GC1! broke high of 2 days balance, and CAPITALCOM:DXY is melting down. Seems Gold is the hedge for the fear right now.
I am short on EUREX:FESX1! and long COMEX:GC1! for now.
Easy money on Gold Sell setup!!! 200 PipsI just broke down the anlysis on gold for those who don't like to watch video this is a quick recap.
Gold market cycle 2020
--> Gold repeated the same move with curved formation, before a massive drop
--> Gold was at its all-time high at 2020 similar to now
--> Gold has reaccumulation phase in 2020 similar like what is happening with the third leg formation of Elliot wave theory
--> above all the risk to rewards look good to me
Follow me for more breakdown. please comment below if I should do more videos or normal written post or both
Bouhmidi-Bands and Overnight Session - Name of the Game The overnight range was the name of the game today. As mentioned earlier, we were looking for a potential break in either direction. After establishing the initial balance, we saw a test of the overnight session low (5019), which was successfully defended. Subsequently, buyers entered the market, leading to a push higher in $ES. This move broke the high of the overnight session (5036), confirming bullish momentum and surpassing the previous day high (5058) & upper #BouhmidiBand, reaching a peak at 1.3s BB (5074). In the last 1.5 hours, NYSE:ES retraced back within the Bouhmidi-Bands.
ZS got too short, LONG opportunityNASDAQ:ZS has been very "bearish" for almost month but we're still in a monthly uptrend. At the same time there are bearish exhaustion signs: weekly bearish upthrust has diminished, and value area has been overlapping for the last three days. This creates opportunity to capture possible short-squeeze.
It is a high risk trade given the context but upside can be huge. Exercise with caution.
You can see example of possible trade on the chart (conservative profit target)
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
Market Profile vs Volume Profile: Which one is a better tool?There is an ongoing discussion within the trading community about which tool is better for analyzing market behavior: Market Profile (MP) or Volume Profile (VP). The former was popularized by Jim Dalton in his book "Mind Over Markets," while the latter has many advocates as well, including Peter Reznicek (aka ShadowTrader). With the release of the new "Time Price Opportunities" (TPO) indicator by TradingView, we can now closely examine the disparities between the two and explore which one works better.
For starters, I won't delve into explaining what Market Profile is and all its related artifacts (e.g., TPO, single-prints, poor high/low, etc.). TradingView has done a commendable job explaining key concepts in the indicator description. For those seeking more, Jim Dalton's "Markets in Profile" is a recommended resource, an easier and more up to date reading than the original book. Additionally, there are numerous free webinars available on YouTube.
Both MP and VP serve similar purposes:
1. Assess day character by analyzing shape of intraday distribution (price-time/price-volume)
2. Identify important levels that are not visible on the standard bar chart (VAH, VAL, POC)
3. Spot structural weaknesses and anomalies.
The key difference is in the basic building block: Market Profile uses time at certain price level whereas Volume Profile uses volume.
Let’s look at AMEX:SPY chart to explore the differences
What stands out is that intraday distributions are nearly identical. There are slight differences in key levels (VAH, VAL, POC) but they are negligible. Note how on Wednesday, the price first retests Tuesday's VAH, then Monday's VAL, then again Tuesday's VAH. After confirming support, it rallies up the next day.
From the perspective of the stated goals, we can efficiently achieve the first two, regardless of the tool we use. The third goal is a bit tricky and requries a seperate long discussion. So I won't dwell on it here
In overall, we can see that Market and Volume profiles are pretty much alike and it doesn’t make much difference which one you’ll be using.
Or does it? So far, we looked at the regular hours chart (RTH). What about futures and similar instruments that trade 24 hours? Let's look at CME_MINI:NQ1! chart
Here, the difference in distributions and levels is much more pronounced. The best example is Friday where not only POCs are completely misaligned but even the shapes of distribution (MP is more like a bullish p-shape, whereas VP is a bearish trend day).
The disparity in distributions is explained by the difference in volume traded during regular hours (high volume) and extended hours (low volume). Due to this asymmetry, Volume Profile is always heavily skewed towards RTH. Meanwhile, Market Profile is session-neutral, giving the same weight to overnight and regular hours TPOs.
Understanding of disparity doesn’t answer question of which tool is better. For example, when it comes to key levels, price sometimes respects MP levels and sometimes VP ones. My take is that we need to pay attention to both when they are pronounced. Good example is Tuesday’s prominent MP POC. Although it was built up overnight on low volume, it was revisited the day after and acted as resistance.
To conclude:
For tickets that trade primarily in the regular session (or if you look on RTH session chart only) there is no difference whether to use Market or Volume profile. Both provide same information. (note that volume data on lower timeframes depends on your broker and/or whether you buy real-time data from exchange; reliability of volume data is a separate discussion topic).
If you’re trading 24h instruments I find more useful using MP as it can give important information about non-regular low-volume sessions. For RTH, it will still give the same results as VP. You can also use a combination of two but then you’ll face a challenge of reconciling difference in distribution shape (like the Friday example). As there is no clear answer how to do it, I recommend sticking to one tool at a time.
P.S. I have not done any research on very low timeframe (<5m) for intraday accumulations/distributions. As MP was originally developed to analyze day character (Jim Dalton suggests using 30m TPO) it might not be well suited for lower timeframes (e.g. if you trade within 1h range), and this is the area where VP has advantage. Another point to consider is that currently TradingView provides a wider range of VP tools, incl fixed range, anchored, etc…
Watching for Possible shorts daily sibi has been creating resistance for the last 11 days, the dealing range is in bullish and price is in a premium, the volume has been weakening on the rally up, however supply has not stepped in the market to bring prices lower, so we can be in a manipulation/consolidation of the market
4hr and lower is making bearish structure so I'm anticipating price continuing lower to
15725.00
i would like to to see price retrace around 15847.00 before dropping down into this level
Nifty 50. 27th November 2023.(Language Hindi)We have talked about the nifty 50. Its past and present levels. We have seen what kind of conditions are available for traders to trade On We have provided few levels to watch. If those levels breaks, then we can see movement In those directions after confirmation closings.
XAUUSDXAU/USD could stage a rebound if $1,810 support holds.
✏️ Gold price meanders in fresh seven-month lows below $1,820 on Tuesday.
✏️ US Dollar, US Treasury bond yields continue cheering US economic resilience.
✏️ Gold price is heavily oversold on the daily chart; a rebound could be in the offing.
Signals
BUY @ 1805 - 1803 SL @ 1978
TP 1 @ 1810
TP 2 @ 1825
TP 3 @ 1832
TP 4 @ 1850
TP 5 @ 1862
BTCUSDT's Epic Showdown: Weekly EMA Battle for SupremacyHello Traders! :)
In this week's analysis, we witnessed an intriguing battle at the weekly EMA level for BTC. Unfortunately, this level held firm, and we are currently seeing accumulation around the lower boundary of the weekly Market Profile. At this level, we can observe the development of the weekly Market Profile's point of control, signifying a significant equilibrium point. My plan for this week is to make another attempt to break above the weekly EMA level.
Currently, a LONG signal has been generated on the Multi-timeframe MACD, indicating a green light for seeking long positions at this juncture. I will initiate the trade after the LONG signal is confirmed by a Heikin Ashi candle.
My initial take profit target is set upon reaching the level of the weekly EMA line, with potential for holding the position longer depending on price behavior.
I will exit the trade if the price falls below the weekly Market Profile, canceling out potential further losses. Additionally, I will consider exiting the trade if the weekly EMA level is rejected, securing any generated profits. If the price successfully breaches the EMA level and holds, I will consider continuing the trade.
Good luck with your trades!