I know that everyone on FinTwit always buys the exact bottom and top, how do I know this? Well it’s simple, they always brag about those 0 MAE trades :)
Selling the exact high and buying the bottom tick sounds cool and all but there’s a better and repeatable way to find a better R:R trading opportunity that doesn’t require the stress of catching the top or bottom tick.
A simple market profile concept you can utilize without being a market profile purest.
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#NQ_F #ES_F #futurestrading
2/ Market profile AKA TPO charts are essentially a 30 minute candle chart organized by using letter sequences that represent each 30 minute period. For example the RTH open would start with the letter A then 30 minutes later the letter B so on and so forth.
3/ A single print is a period inside of the session where there is no overlap to prior periods.
Delta is a simple measurement of ask volume minus bid volume, many traders use various forms of delta to infer who is the most aggressive participant in the current auction.
2/ Today I’ll walk you through how I use Delta to identify a very simple trade setup which I will refer to as a liquidity zone.
3/ Before diving in, let's cover some basic methods that one might find delta on a chart.