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TFC Commodity Trading Forum

Re: Market Profile Crude Oil - Jacko!

Silverbear:
Well, I don't use the MP method, .. and have less passion for volume {I see often interesting price movements and reversals with less volume}.
I focus more on price action; .. the first task is to determine the ONE direction, which is valid for swing as well as intra-day trading {it is not easy to extract the One from videos analysis displayed in the website; .. as usual two possibilities}.
For example, I set the direction UP for CLU14, since 07 Aug, 7:15 est (low @96.55); i.e., the intra-day scalping would be buy dips, since then there were three entries during market time. The swing BUY stands till the price closes below 96.55. :)
There are countless methods to come to profit; I hope, MPs would get also their portion.
J.