D.Gilberto
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Keep close eye on GDP (CAD) for 13:30...
I have many charting packages, but the volume studies only tell you contracts traded. My analysis studies volume to see if there is weight behind a move. For example if price is near a key monthly level is volume weak or strong at this point. I've found with the es the nyse volume works very well. Obviously you have to have studied it to realise if its light or strong volume for that time period, as volume will obviously increase with time.
Dont know how I would trade market profile without a charting package anyway!!
I have many charting packages, but the volume studies only tell you contracts traded. My analysis studies volume to see if there is weight behind a move. For example if price is near a key monthly level is volume weak or strong at this point. I've found with the es the nyse volume works very well. Obviously you have to have studied it to realise if its light or strong volume for that time period, as volume will obviously increase with time.
Dont know how I would trade market profile without a charting package anyway!!
Orders AUDCAD:
E1: 1.05470
E2: 1.05525
E3: 1.05580
Stops on all: 1.05750 (total 67.5 - average 22.5)
(risk across all position total: 2%)
First TP: 1.05160 (obviously planning on letting runners) (total 109.5 - Average 36.5)
moving my stop on USD/CAD to 10008 before these numbers
Orders AUDCAD:
E1: 1.05470
E2: 1.05525
E3: 1.05580
Stops on all: 1.05750 (total 67.5 - average 22.5)
(risk across all position total: 2%)
First TP: 1.05160 (obviously planning on letting runners) (total 109.5 - Average 36.5)
short aud/usd at 1.0518 sl 1.0535
got to trade what i see with this chart,the rewards far outweigh the risks
-50 . . . i could hit it again and not feel bad about it at all.
in fact, i think i might - short 1.57233 (gbp/usd, stop loss TBD)
t/p 1.56542,
+69
Afternoon, order pending to sell eurgbp .7860 stop is 30 target 30