I use market profile( volume profile)mixture in my trading)
The profile gives context and market structure.I could use it for trade location and a trade idea but developped some trade setups .Several playbooks to go test and practice occurence and have an edge in the markets.
us determine what type of scenarios or outcomes would offer big enough surprises that are worth exploiting.
Very high probabilities of outcomes means less focus on the rate itself and more focus on the statement and guidance.
What is priced in for major central bank rate decisions? - FJElite
Why is this information useful?
It's one of the first places we look to find potential trading opportunities with incoming risk events. Knowing what markets have priced and are expecting for central banks helps
Wishing you all the best for 2024
Had a rough end to 2023 with my father’s loss and had to take some time off from trading and Twitter last few months
Let’s hope 2024 brings peace, health, gratitude ,wealth & love to the world
#Happy2024#trading
PnL Display in Ticks: New option in the Trade Column settings to display Profit and Loss in ticks, either per contract or as a total based on the number of contracts.
Charts replay with Tradovate: The ability to replay charts using the Tradovate replay option.
Clear Current Trades Outside Momentum Tails: This feature clears trades based on the momentum interval set in milliseconds, aligning the clearing of trades with fading momentum tails background color.
Auto-Clear Current Trades Feature: Automatically clears the Current at Bid and Current at Ask columns at set intervals (default 10 seconds), reducing distraction from outdated volume information.
Opening Range Indicator: A new small horizontal line in the volume profile column, indicating the opening range of a trading session. This feature is customizable in duration and color.
Customizable Column Orientation: Ability to move the histogram and text orientation to the left or right side within various columns including LTQ, Total at Ask/Bid, Ask/Bid Snapshot, Current at Ask/Bid, Alert, and Volume Profile column.
Here's what's new:
1Delta Price Column: Displays the buy traded volume minus the sell traded volume per price, highlighting the imbalance between buyers and sellers. Can be customized in orientation and color within the depth and sales.