Market Profile for YM

[maildigger]

Tony, you have the information you get from MP, but do you look for certain candlestick patterns to enter those trades ?

[waveslider]

Man, if this morning wasn't the most amazing advertisement for the rejection of the previous day's value area (in YM)... I couldn't find a better one.

[ammo]

i use mp on trending days,it shows where the pauses or temporary congestion will be ,the pov i call the nipple is always a pause area good for day trading,wait til it gets there to scale out

[tony1d]

I daytrade and use 133t charts for the YM mainly and 55t charts for entrys. Candle patterns become more unreliable as you go to shorter and shorter timeframes. i only enter trades when the 55t chart is printing a candle in the direction of my trade. I'll get my setups on the 133t and confirm using 13min and 60min charts to see whats going on in the longer term. I try to trade in the direction of the dominent trend based on the longer timeframes. Most of my losing trades are countertrend trades.