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Old 05-31-2007, 05:21 AM
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Re: Using Previous Day POC as Target

I'm curious about the 15 minute EMA one because the 15 EMA is constantly moving so it could move wildly against your entry level and even if price returned to the 15 EMA it would still leave you heavily in a loss. As for Market Profile, there is no catchy one sentence rule for its use. It's all about reading the market. Yesterday for example we had a higher value area, a single-print buying tail and then strong initiative buying into the close - all very bullish. Is it likely to touch yesterday's POC or would you be better off with another strategy?

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