Tag Archives: one timeframing

Double distribution at new all time high

double distribution at new all time high

After setting another new record high in the overnight trading session at 2747.75, Monday’s regular session opened inside the prior day’s range, above the late spike in the profile at 2735.00. Overnight highs and lows are always references for the following day trading session.

Price one timeframed higher from the opening period until reaching the overnight high, to the tick, in J period, and formed a double distribution in the profile chart above 2745.00 before setting another new regular session all time high at 2748.50 in the final 30 minute period.

With two unfilled daily gaps from the prior week the risk for longs appears to be high, which increases the odds for at least a short term liquidation break. But the market is still one timeframing higher on the monthly chart, 13 consecutive months, and all trends remain up.

Looking at each of Monday’s distribution as a separate balance, depending n where price opens, balance trading scenarios could apply: look either above or below a distribution and find acceptance higher/lower, look above or below a distribution and fail – targeting the opposite end, or remain in balance (probably lowest of odds).

There are only two ticks of excess at the new all time high, but depending on where price opens on Tuesday, there could be significant excess on the daily bar chart. Something to carry forward if a liquidation break does occur.

(the above, post and all posts on es-traders.com, is an interpretation of market generated information using the Market Profile, and the information contained within is to be used for informational purposes only and not to be construed as investment or trading advice. DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Please read our disclaimer)




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ES Trades Back Into Prior Range

ES failed breakout of balance

After a failed breakout of balance to the downside on the final trading day of 2017, the ES opened back within the prior multi day balance, trading mainly inside the excess single prints from the 12/29 profile.

Price mechanically bounced from the open print in B/C periods, off the opening (A) period high in E, and off the overnight high in G period, before one timeframing higher into the close and leaving another poor high in the profile that exactly matches the poor high from 12/21 at 2696.00.

split view profile 1-2-18
split view profile 1-2-18

Following the late end of the year volatility on the final trading day of 2017, nothing apparently has changed yet in 2018 as the market is back within the prior multi day trading range, with no volatility or signs of any other larger timeframe participants.

Tuesday’s profile left a long line of excess single prints below the matching B/C bar lows at the open, this area could have good odds of being at least partially filled in. Price acceptance below 2681.75 targets the lower distribution from 12.29.

The profile chart also left another poor high, two points below the all time high. The potential balance trading scenarios could still apply; see price look above and repair the poor high, targeting the all time high at 2698.00 and possibly target the 2700 price level, then either find acceptance at higher prices or fail and trade back into the multi day range.

(the above, post and all posts on es-traders.com, is an interpretation of market generated information using the Market Profile, and the information contained within is to be used for informational purposes only and not to be construed as investment or trading advice. DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Please read our disclaimer)




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Selling After Latest All Time High Leaves Poor High and Low in Profile, Multiple Anomalies

anomalies in profile
Selloff from new all time high leaves multiple anomalies in market profile chart

An important step to a potential change to the current up-trend occurred Thursday as price took out the prior three daily lows, stopping the one time framing higher on the daily chart, leaving a poor high on the market profile chart along with a questionable low, almost exactly at the low from 12/11.

late rally high on split view market profile chart

The late rally high at 2661.75 could be an important market profile trading reference for the next day trading session. Failure to find acceptance back above that level could keep the previous day’s down trend intact.

Acceptance below 2654.25, the near matching lows from 12/11 and 12/14, could easily test the prominent naked point of control at 2650.50, with further liquidation possibly testing the top and bottom of the first gap below at 2646.50/2643.75. Price would have to trade below 2626.75 to stop the one timeframing higher on the weekly chart.

Thursday’s selling left a no excess, three TPOs wide poor high at 2671.25, probably signaling the market had gotten too long in at least the short term time frame. Price acceptance back above 2661.75 targets at least some of the multiple anomalies in the profile, and potentially tests the prior day’s poor high, and could lead to another attempt at the latest all time high.

(the above, post and all posts on es-traders.com, is an interpretation of market generated information using the Market Profile, and the information contained within is to be used for informational purposes only and not to be construed as investment or trading advice. DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Please read our disclaimer)




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