Info!! Passing The Plate: Integrating Time, Price, In Addition To Volume

The adjacent inwards the serial of "passing the plate" posts comes from SSK, who maintains a real useful together with educational trading site. His analyses depict upon Market Profile theory together with bully observation of time, price, together with book to select grip of shifts inwards bespeak together with supply.

SSK's explanation, along amongst his graphics above, volition accept a trivial study, but the endeavour volition pay off. If you lot click on each graphic, you'll hold upwards able to read SSK's information together with commentary. Here is the explanation of his setup:

"In this trade, after recognizing a potential brusk close the high of 9/17/2009 inwards the 1068 area, I was looking for continuation to maximize my merchandise together with was too looking for a transitional state to permit for potential profit-taking. The Profile from 9/16/2009 (top chart) identifies a depression or negative book surface area (1055-1058) that many times, every bit cost reaches this area, acts every bit initial back upwards or resistance. That was my reference point. When cost reached this area, I went to my NYSE tick nautical chart together with looked at its structure. I saw a momentum depression inwards price, together with and then a few minutes after a lower depression inwards cost (this is a transitional pattern), during which the NYSE tick was gaining forcefulness correct at the secondary depression (middle chart). Additionally, the NYSE Composite book that I runway on my spreadsheet too showed the book together with directional trends weakening every bit nosotros approached the reference betoken (bottom chart). All inwards all, a prissy drib dead on the brusk merchandise from the highs inwards the 1068s for 10 points, together with a prissy entry on the long side from the 1058s, amongst an drib dead close the POC (point of control) close the 1063s for v points. The cardinal was to commencement position the reference betoken together with and then discover the transitional construction via the NYSE tick together with NYSE Composite volume."

What is clear from SSK's analysis is that he is non only relying upon marketplace position indicators, but rather on configurations of indicators that expose the developing forcefulness together with weakness of markets. In therefore doing, he is able to capture larger moves together with innovation out his merchandise every bit it emerges. Many thank you lot to SSK for the illustration; check out his site for to a greater extent than marketplace position insights.
.