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Old 03-16-2008, 07:50 AM
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Re: Crash course into MP
Quote:
Soultrader
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Heres a ES chart from Friday. Semi-automated trade setups using price relationship to volume and MP resistance levels. The 1299 mark was VAL from Thursday. I get 3 signals indicating weakness at/near the VAL pivot.

First we are seeing price open above Thursdays high, rejected, and tank. Now the retracement tries to break back into Thursdays value area. Then seeing bars of weakness indicates price is not ready to go back above into Thursdays value area. So planning shorts around this level is a clear defined strategy using price action and market profile concepts.
Sorry to be off topic here but James what's up with your 10:55 bars volume? That can't be correct can it? Mine does not match that at all.

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