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Old 06-01-2007, 02:59 PM
Dogpile Dogpile is offline
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This member is the original thread starter. Re: Using Previous Day POC as Target
sure.

let me try a youtube video...

YouTube - MP Concepts of Value Extended to 15-min EMA

Thursday did not touch previous day POC --- but this wasn't unexpected since Wednesdays profile was 'elongated' (skinny)... showing higher prices were attracting more buyers --- value was trending up, not balancing.


Concept though is to find good statistical tendencies (touch 15-min EMA, touch previous day POC etc..) through market profile 'concepts' in order to improve your pattern recognition (ie, morning reversal pattern, A-B-C correction, momentum oscillator patterns etc...)

comments appreciated

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