Real-time options education and strategies
In this post I’m going to demonstrate how and when I use Market Profile in my price analysis. It is far from from a comprehensive look so if you’re interested in learning much more about market profile I suggest looking at the works of Jim Dalton at Jim Dalton Trading and/or Peter Reznicek at Shadow … Read more
The HB zone represents the 50%-61.8% retracement of a price range. The price range can be from a pivot low to high or on just a single candle’s range. What type of candle would I apply the HB zone to? When a particularly large candle with a long wick forms on a chart I’ll use … Read more
This is from the twitter feed today. Good lesson on price action!
(1) Looking at the overnight action in /GC (Gold futures). Textbook price action so far this evening starting with the bullish reversal candle labeled #1. It was a relatively large candle with a long lower wick. That type of candle indicates that there was a change in sentiment where sellers had been in control but … Read more
(1) The opening range (first 30 minutes of the trading day) is frequently a time of price exploration where buyer’s and seller’s often set at least the high or low for the day. Sometimes the entire day’s range is set during the opening range. This morning’s price action in INTC saw price rise to within … Read more