Todays Profile Commentary

[Dogpile]

One difference today vs yesterday is that we did have good single prints this morning on S&P's. Also, German DAX down stunning -2.6% today.

[walterw]

Hi Dog, can you add charts on your posts ? will make them much easier to understand and will have more educational value.... thanks Walter.

[Dogpile]

my tradestation charts are always too big for this site to handle. got a tip for how to make it work??

I was under the impression that if you are at this site, I don't have to chart the obvious 'single prints' on the S&P futures. but I will gladly add charts if its easier for me to do than it is presently.

The market formed a 'b' profile today indicating presence of long-term buyers or lack of seller conviction. that said, I did short the market very late in the day after NQ tested its 30-min 20-ema. The closing price was below the POC today but I carried 1/2 position home short in anticipation of potential drubbing of the Nikkei. The Nikkei has shrugged off the Chinese market meltdowns but the DAX showed major range expansion down today and I think odds are that Nikkei will drop hard tonight. If not, I will stop out at breakeven on the globex session.

[walterw]

do you save your charts as bmp ? if that is the case you can change extension opening on paint and saving as png... this will reduce file size... also for graphic edition snagit does a very nice job... cheers Walter.

[notouch]

I don't think you need to post charts for obvious stuff like single prints in ES. I know what you mean. I think Dalton calls it the open test drive.

[walterw]

	Quote:	notouch
	I don't think you need to post charts for obvious stuff like single prints in ES. I know what you mean. I think Dalton calls it the open test drive.

for mp experts its ok... for mp curious like me, he is talking in chinese... cheers Walter.

[notouch]

This is the Market Profile forum. :p

[TinGull]

	Quote:	notouch
	This is the Market Profile forum. :p

I dont understand this comment...are you saying that only people versed in MP should visit this forum?

[TinGull]

Walter...here's a pic of the single prints that are being talked about...

Note the selling tail at the top of the profile

[Soultrader]

	Quote:	walterw
	for mp experts its ok... for mp curious like me, he is talking in chinese... cheers Walter.

Hi walter,

An open test drive happens when the markets test one end at the opening just to reverse and continue strong in the opposite direction. What it is doing is testing for sellers or buyers usually at a key level of support or resistance.