Market Profile is a valuable yet lesser-known tool for market analysis. Here is what you need to know!
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https://twitter.com/TAtheDog/status/1725973460537495588

Market Profile is a unique charting technique that was developed by J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), in collaboration with the CBOT. It represents the dynamic time/price equilibrium of the market in a simple and effective way, enabling traders to identify high-probability, low-risk trades.

Here are some key aspects of the Market Profile concept:

I'm excited to share one of my top trade setups: the LT1 breakout! 🚀💼

I've been using this gem for quite some time. In this thread, we'll dive deep into this strategy's effectiveness, focusing on the $ES

Keep in mind it works for any ticker you may trade 🎯
Let's dive in 🧵 The LT1 breakout is a simple, powerful strategy 🔥📈
I patiently wait for a bar close above the LT1 level

To confirm the breakout, I prefer using 5 minute bar closes. I've analyzed results and found that once the breakout is triggered, I can expect to capture 10-15 pts on avg 💰

The most important thing to realize is that the more bearish market participants are, the more likely it's going up

Everyone was super super bearish the last 2 weeks

"All in short"
"Biggest short of the year"
"THE BIG SHORT"

Even me, I was shorting
What happened?

See my… twitter.com/i/web/status/1… Price mooned like we've never seen before 🫠

https://twitter.com/TAtheDog/status/1666529987082571789?t=2cijODWziIIigldBD9tf9Q&s=19